Stock Market Capitalization increases by N35 billion. Responds Positively to passage of budget

 

From the News Agency of Nigeria.
Activities on the Nigerian Stock Exchange (NSE) on Friday maintained an upward trend as the market capitalisation appreciated by N35 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.58 trillion rose by 0.33 per cent to close at N10.62 trillion.

This is due to price appreciation by blue chips.

Also, the All-Share Index increased by 108.05 basis points or 0.33 per cent to close at 33,183.19 as against the 33,075.14 posted on Thursday.

Dangote Cement topped the gainers' chart with N1.97 to close at N147.99 per share.

It was followed by UACN with a gain of N1.50 to close at N50, while Ashaka Cement appreciated by N1.38 to close at N24.38 per share.

Conoil rose by N1.20 to close at N25.20 while Oando gained N1.09 to close at N14.98 per share.

On the other hand, NewGold topped the losers' chart by N58 to close at N2,414 per unit.

Nigerian Breweries came second with a loss of N3.50 to close at N161.50 while Nestle lost N2 to close at N886 per share.

Air Service lost 52k to close at N4.69 while National Salt dropped 27k to close at N9.21 per share.

In all, investors bought and sold 469.35 million shares worth N3.08 billion traded in 5,042 deals.

This is against a total of 411.26 million shares valued N7.59 billion traded in 5,682 deals on Thursday.

NAN reports that Hallmark Insurance emerged the most traded stock, accounting for 120 million shares worth N60 million.

It was trailed by Transcorp with 73.68 million shares worth N109.73 million while Access Bank accounted for 30.76 million valued N359.85 million.