NSE market capitalisation rises by 0.80%

Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened on a positive note with the market capitalisation closing at N12.52 trillion.

The market capitalisation, which opened at N12.42 trillion, appreciated by N100 billion or 0.80 per cent. Similarly, the All-Shares Index rose by 197.46 points to close at 38,964.75 against 38,767.29 achieved on Friday, Dec. 14.

NAN also reports that the volume of shares traded increased by 27.54 per cent as 559.77 million shares worth N5.49 billion were traded in 5,999 deals. The turnover was in contrast to the 438.90 million shares valued at N4.87 billion traded in 5,105 deals on Friday. An analysis of the price movement chart showed that Nigerian Breweries led the gainers’ table with N3 to close at N145 per share.

It was followed by Lafarge Wapco, which gained N2.45 to close at N109.45 per share, while Oando gained N1.86 to close at N20.06. Stanbic IBTC gained 90k to close at N19.95 per share. Conversely, Guinness topped the losers’ chart, losing N9.42 to close at N192 per share. Mobil trailed with a loss of N3 to close at N122 per share.

Also, Presco depreciated by N2.18 to close at N41.58, while Forte Oil lost N2.96 to close at N93.04 per share.

The financial services sector remained investors’ delight as Zenith Bank was the most traded stock, accounting for 55.58 million shares worth N1.15 billion. It was followed by Access Bank which traded 53.03 million shares worth N429.63 million,while Transcorp traded 40.65 million shares valued at N152.05 million. FCMB traded 39.34 million shares valued at N144.65 million, while Afriprud traded 39.17 million shares worth N131.88 million.