NSE market capitalisation appreciates by N70bn

The market capitalisation of the Nigerian Stock Exchange (NSE) today 10th December 2015 increased by N70 billion due to price appreciation of some highly capitalised equities. The market capitalisation, which opened at N9.284 trillion, rose by N70 billion or 0.75 per cent to close at N9.354 trillion. Also, the All-Share Index, which opened at 27,004.50, rose by 201.45 points or 0.75 per cent to close at 27,205.95.
Nigerian Breweries led the price gainers’ chart, growing by N4.30 to close at N116.31 per share. Guinness followed with a gain of N1.60 to close at N124.60, while Presco increased by N1.30 to close at N32.30 per share. Zenith Bank appreciated by N1.25 to close at N15.25, while PZ garnered 96k to close at N27.46 per share. On the other hand, Dangote Cement recorded the highest price loss, dropping N2.19 to close at N160 per share. Fidson trailed with a loss of 13k to close at N2.56, while Axa Mansard shed 13k to close at N2.61 per share. Cutix lost 8k to close at N1.64, while, Access Bank lost 6k to close at N4.85 per share.
Law Union and Rock Insurance emerged the most traded stock, accounting for 32.85 million shares worth N21.09 million achieved in 11 deals. Axa Mansard came second with 30.88 million shares valued at N80.61 million traded in 14 deals, while FBN Holdings sold 16.10 million shares worth N76.75 million in 352 deals. Transcorp sold 14.88 million shares valued at N19.84 million in 160 deals, while investors staked N69.94 million on 14.17 million shares of Access Bank traded in 251 deals. In all, a total of 179.06 million shares worth N1.47 billion were exchanged by investors in 2,747 deals. This was in contrast to 240.79 billion shares valued at N2.41 billion traded in 3,061 deals on Wednesday.