NSE market capitalisation improves by N55bn

Activities at the Nigerian Stock Exchange (NSE) on Thursday reversed the negative trend with the market capitalisation increasing by N55 billion.
The market capitalisation rose by N55 billion to close at N8.271 trillion compared with N8.216 trillion recorded on Wednesday. Similarly, the All-Share Index improved by 159.39 points or 0.55 per cent to close at 24,042.73 against 23,883.34 achieved on Wednesday. Nestle recorded the highest price gain to lead the Gainers’ table with N15 to close at N715 per share.
Further breakdown of price movement chart showed that Seplat followed with N12 to close at N330, while Unilever garnered N1.16 to close at N27.97 per share. Dangote Cement appreciated by N1 to close at N134 and ETI chalked up 76k to close at N15.96 per share. Conversely, MRS topped the Losers’ table having lost N2.48 to close at N47.16 per share. Nigerian Breweries dipped by N1.05 to close at N99.05, while Flourmill lost 96k to close at N18.34 per share.
Glaxosmithkline dropped 35k to close at N24.98 and Cadbury declined by 30k to close at N17.20 per share. The volume of shares traded closed higher with 271.62 million shares valued N1.54 billion transacted in 3,360 deals. This was in contrast with 269.50 million shares worth N1.22 billion traded in 3,002 deals on Wednesday. FCMB Group drove the turnover volume with 79.96 million shares valued at N61.04 million.
FBN Holdings followed with a total of 42.85 million shares worth N137.19 million, while Zenith Bank sold 29.86 million shares valued at N330.95 million. Transcorp accounted for 14.89 million shares worth N15.50 million and Wema Bank exchanged 13.92 million shares valued at N13.18 million.