NSE’s market capitalisation rises to N130bn

The Nigerian Stock Exchange’s (NSE) market capitalisation on Tuesday appreciated by N130 billion due to huge gains posted by some blue chips. The market capitalisation increased by 1.02 per cent to close at N12.831 trillion against the N12.701 trillion achieved on Monday. Also, the All-Share Index grew by 394.33 basis points to close at 38,955.02 when compared with the 38,560.69 posted on Monday.

Nestle led the gainers’ chart by N12.70 to close at N1,070 per share. Nigerian Breweries gained N4.05 to close at N155.06, while Cadbury appreciated by N3.15 to close at N70.95 per share. Lafarge Wapco gained N1.46 to close at N112.50, while GT Bank increased by N1.14 to close at N27.99 per share.

Conversely, Seplat topped the laggards’ table by N10.11 to close at N640 per share.

Flour Mills lost N1 to close at N68, while Cap dipped by 30k to close at N38.70 per share. Dangote Sugar depreciated by 14k to close at N9.16, while UACN dropped 13k to close at N55.87 per share.

The turnover volume of shares traded increased by 17.34 per cent as investors bought and sold 272.38 million shares worth N3.12 billion in 5,211 deals. This is in contrast to the 232.12 million shares valued N4.03 billion transacted in 4,767 deals on Monday.

UBA Capital was investors’ delight as it traded 30.01 million shares worth N72.17 million in 179 deals.

FBN Holdings followed by 21.43 million shares valued N288.04 million exchanged in 657 deals, while GTBank traded 20.17 million shares worth N550.93 million transacted in 475 deals. Fidelity Bank sold 17.55 million shares valued N34.25 million traded in 164 deals, while Skye Bank sold 14.69 million shares worth N54.74 million traded in 189 deals.