NSE market capitalisation record 1.04% growth

Transactions on the Nigerian Stock Exchange (NSE) rebounded on Thursday after sliding for two consecutive days. NAN reports that the market capitalisation, which opened at N9.514 trillion on Thursday, rose marginally by 1.04 per cent or N99 billion to close at N9.613 trillion. Also, the All-Share Index rose by 70.78 points to close at 28., 811.39 from the 28,740.61 declared on Wednesday. Seplat led the gainers’ chart with N8.89 to close at N310 per share. Guinness gained N4 to close at N132, while Total Oil grew by N2.50 to close at N144 per share. Nigerian Breweries appreciated by N2 to close at N140, while UACN rose by N1.65 to close at N28.35 per share On the other hand, Lafarge Wapco recorded the highest price loss of N4 to close at N76 per share.

Ashaka Cement trailed with a loss of 95k to close at N19.50, while GTBank dipped by 78k to close at N17.52 per share. UBN lost 42k to close at N8.14, while Oando Oil depreciated by 34k to close at N16.16 per share. The financial service sector sustained its leading position as the toast of investors with 224.36 million shares worth N1.94 billion in 2,736 deals. The Banking sub-sector drove activities in the sector, accounting for 138.00 million shares valued at N1.62 billion achieved in 1,761 deals. In all, the volume of shares traded decreased by 43.07 per cent as investors exchanged 278.190 million shares worth N3.172 billion in 4,731 deals. This was against the 488.623 million shares valued at N3.82 billion traded in 5,151 deals on Wednesday.