NSE market capitalisation grows by N18b

The market capitalisation of the Nigerian Stock Exchange on Thursday appreciated marginally by N18 billion after dropping for three consecutive days.

The News Agency of Nigeria reports that the market capitalisation, which opened at N10.102 trillion rose by N18 billion or 0.18 per cent to close at N10.120 trillion.

Also, the All-Share Index grew by 50.64 points or 0.17 per cent to close at 29,446.95, compared with 29,396.31 achieved on Wednesday.

Nigerian Breweries led the gainers’ table, growing by N9.13 to close at N144.16 per share.

It was trailed by Nestle having appreciated by N6 to close at N836, while Flour Mills Nigeria rose by 72k to close at N21.78 per share.

Stanbic IBTC increased by 67k to close at N19.87 and Ecobank Transnational garnered 47k to close at N18.60 per share.

On the other hand, Guinness topped the laggards’ table, dropping N3.29 to close at N125.05 per share.

UACN came second with N2.78 to close at N26.22, while Julius Berger dropped N1.18 to close at N38.81 per share.

Dangote Cement depreciated 94k to close at N164.06 and UAC Property declined by 72k to close at N7.03 per share.

NAN also reports that 257.69 million shares valued N2.82 billion were traded by investors in 2,882 deals against 336.28 million shares worth N1.91 billion transacted in 2,923 deals on Wednesday.

Guinea Insurance drove volume of shares traded, accounting for 100 million shares worth N50 million traded in four deals.

Diamond Bank followed with 30.16 million shares valued N76.85 million made in 35 deals, while FBN Holdings sold 16.26 million shares worth N81.63 million achieved in 382 deals.

Access Bank exchanged 13.99 million shares valued N66.24 million traded in 108 deals, while UBA accounted for 11.45 million shares worth N39.26 million exchanged in 203 deals.

NAN.