NSE market capitalisation grows by N91bn

Transactions on the Nigerian Stock Exchange (NSE) on Monday opened the week on a positive note as some highly capitalised companies recorded price gain. The market capitalisation closed higher with N7.440 trillion growing by N91 billion or 1.2 per cent as against N7.349 trillion recorded on Friday.
Also, the All-Share Index, which opened at 23,095.31 appreciated by 285.74 basis points, representing 1.2 per cent to close at 23,381.05 points. However, Dangote Cement recorded the highest price gain leading with N5.75 to close at N120.75 per share. NewGold trailed with N2 to close at N2, 470 per unit, while ConOil grew by N1.24 to close at N26.18 per share. Oando appreciated by 61k to close at N15.30, while GlaxoSmithKline share price gained 35k to close at N25.50.
On the other hand, Flour Mill led the losers’ chart with a loss of N2.50 each to close at N52.50 per share. Lafarge Wapco followed with N1 to close at N43.50 per share, while Guinness lost 40k to close at N239 per share. Access Bank depreciated by 36k to close at N7.14 per share, while Cement Company of Northern Nigeria (CCNN) dipped with 21k to close at N4.04 per share. Investors bought 443.16 million shares worth N2.2 billion traded in N7.440 deals, representing an increase of 60 per cent. This was against 227.88 million shares valued N2.1 billion traded in 4,034 deals recorded on Friday.