NSE market capitalisation appreciates by N179bn

 Market capitalisation of the Nigerian Stock Exchange (NSE) on 20^th November 2013 grew by N179 billion in bullish trading rising by 1.46 per cent to close at N12.415 trillion against N12.236 trillion achieved a day before. Also, the NSE All-Share Index rose by 559.78 basis points or 1.46 per cent to close at 38,815.64 following huge price gains by blue chips compared with 38,255.86 recorded a day earlier.

An analysis of the price movement chart showed that Guinness led the gainers’ chart, rising by N6.93 to close at N241.98 per share. Total came second with a gain of N5.85 to close at N167.85, while Dangote Cement appreciated by N5 to close at N195 per share.

Nigerian Breweries went up by N2.87 to close at N170 and Cadbury gained N1.70 to close at N58.80 per share. Forte Oil topped the losers’ chart, shedding N5.78 to close at N109.86 per share.

PZ Cussons lost 50k to close at N37, while Mobil declined by 45k to close at N115.55 per share. Dangote Flour depreciated by 20k to close at N9.50, while Mrs Oil dropped 14k to close at N5.86 per share.

In all, investors staked N3.71 billion on 328.99 million shares traded in 4,625 deals, against 789.39 million shares worth N4.85 billion transacted in 5,211 deals a day before, a decrease of 58.16 per cent. Transcorp emerged the most active stock with an exchange of 56.51 million shares worth N274.39 million. Wapic Insurance followed on the activity chart with 20.99 million shares valued at N19.49 million, while UBA Capital traded 20.528 million shares worth N27.26 million. Ecobank Transnational Incorporated (ETI) exchanged 19.54 million shares valued at N272.58 million and Zenith Bank sold 18.96 million shares worth N404.80 million.