NSE Market Capitalisation Grows By N55bn

Trading on the Nigerian Stock Exchange (NSE) ended on a positive note on Thursday after three consecutive days of decline.

The News Agency of Nigeria (NAN) reports that the market capitalisation rose by N55 billion or 0.65 per cent ?to close at N8.48 trillion from the N8.42 trillion posted on Wednesday.

Also, the All Share Index grew by 171.61 points or 0.65 per cent to close at 26,602.53 ?against the ?26,430.92 recorded on Wednesday as a result of price gains.

NewGold ETF recorded the highest price gain of N8 to close at N2, 638 per unit.

It was followed by Nigerian Breweries which gained N6.80 to close at N128 per share.

Glaxo appreciated by N1.99 to close at N41.89 per share, UAC Property gained 90k to close at N12.70, while Okomu Oil rose by 50k to close at N35 per share.

On the other hand, Nestle led the losers’ chart with a loss of N6 to close at N669 per share, while CAP lost N1.59 to close at N30.43 per share.

Cadbury dipped by N1 to close at N27 per share, UACN dropped 54k to close at N39.46 per share, while John Hold lost 26k to close at N5.06 per share.

NAN reports that volume of shares traded rose by 46.4 per cent as investors exchanged 409.19 million shares worth N2.79 billion in 4,705 deals.

This was against the 279.43 million shares valued at N2.27 billion traded in 4,664 deals on Wednesday.(NAN)