Stock market capitalization improves by N25bn

Trading activities on the Nigerian Stock Exchange (NSE) on Tuesday sustained a positive trend with the market capitalisation inching up by N25 billion. The market capitalisation which opened at N9.381 trillion rose by N25 billion or 0.27 per cent to close at N9.406 trillion. In the same vein, the All-Share Index rose by 72.50 points or 0.27 per cent to close at 27,389.02 in contrast with N9.381 trillion achieved on Monday.

Total led the gainers’ table, growing by N8 to close at N248 per share. Nigerian Breweries came second having gained N1.48 to close at N134.40, while Guaranty Trust Bank appreciated by 43k to close at N24.59 per share. Zenith Bank increased by 25k to close at N15.25 and Okomu Oil also grew by 25k to close at N36.25 per share.

On the other hand, Presco topped the losers’ chart, shedding N1.86 to close at N36.96 per share.

Conoil trailed with a loss of N1.12 to close at N21.65 and Nestle dipped N1.02 to close at N824 per share. Ecobank Transnational Incorporated dropped by 26k to close at N10.56, while Champion Breweries dropped by 25k to close at N2.85 per share.

NAN also reports that Zenith Bank emerged the most traded equity, accounting for 67.05 million shares worth N1.02 billion.

It was followed by Access Bank with an exchange of 46.72 million shares valued at N259.26 million and UBA sold 15.65 million shares worth N67.62 million.

Investors bought and sold 12.94 million shares of FBN Holdings valued at N40.39 million, while Sterling Bank exchanged 12.07 million shares worth N12.29 million.

In all, a total of 235.89 million shares valued at N2.23 billion were exchanged by investors in 3,512 deals. This was against the 213.64 million shares worth N2.05 billion traded in 3,742 deals on Monday.