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Market capitalisation improves by N46b

Published on October 16, 2015 by   ·   No Comments

Dealers at the Nigeria Stock Exchange

Dealers at the Nigeria Stock Exchange

Activities at the Nigerian Stock Exchange (NSE) made an impressive record on Friday with the market capitalisation improving by N46 billion.

The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.207 trillion, rose by N46 billion or 0.45 per cent.

Also, the All-Share Index appreciated by 134.13 points or 0.45 per cent to close at 29,834.21 against 29,700.08 recorded on Thursday.

Forte Oil posted the highest price gain, leading the gainers’ pack with N10 to close at N280 per share.

UACN garnered N1.20 to close at N28.05 while Zenith Bank gained 66k to close at N17.51 per share.

GT Bank appreciated by 47k to N23.51 while Nigerian Breweries increased by 31k to N135.32 per share.

Conversely, Mobil Oil topped the losers chart, shedding N7 to close at N148 per share.

Guinness trailed with a loss of N1 to close at N150 and Transcorp lost 68k to close at N6.42 per share.

ETI shed 55k to close at N18.30 while Flour Mills declined by 31k to close at N20.70 per share.

NAN also reports that the volume of shares traded rose by 106.76 per cent with a total of 357.36 million shares valued N2.34 billion, exchanged in 2,510 deals.

This was in contrast with 172.84 million shares worth N3.44 billion traded in 3,226 deals on Thursday.

Capital Oil was investors’ delight, trading 200 million shares worth N100 million in three deals.

GT Bank came second with a total of 44.01 million valued N1.03 billion traded in 178 deals while Continental Insurance accounted for 15.19 million shares worth N15.19 million in 13 deals.

UBA sold 13.05 million shares valued N55.19 million, achieved in 186 deals and ETI recorded 11.13 million shares worth N203.72 million, transacted in 31 deals

Posted by on October 16, 2015, 7:32 pm. Filed under Business, National, News, Stock Markets.
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