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NSE market capitalisation appreciates by N40bn

07 November 2012, 09:08

Lagos - The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday appreciated by N40 billion due to price gains by some blue chip equities.

The News Agency of Nigeria (NAN) reports that the market capitalisation closed at N8.52 trillion against N8.48 trillion recorded on Monday, representing an increase of 0.47 per cent.

NAN reports that the All-Share Index which opened at 26,600.10 increased by 123.91 points representing 0.47 per cent to close at 26,724.01.

The market indices appreciated by 0.15 per cent respectively on Monday.

NAN reports that the volume of shares traded rose by 34.2 per cent with a total of 253.22 million shares worth N2.76 billion exchanged by investors in 4,878 deals.

This was in contrast to a turnover of 188.67 million shares valued N1.47 billion traded in 4,046 deals on Monday.

Glaxo led the gainers’ chart for the day appreciating by N1.91 to close at N43.80 per share.

Nigerian Breweries followed with N1.50 to close at N134 per share.

UACN garnered N1.04 to close at N40.50; First Bank grew by 80k to close at N16.40; while Oando rose by 40k to close at N11.70 per share.

Analysts attributed the positive trend to improved third quarter results released by most quoted companies.

NAN reports that NewGold ETF, which led the losers’ chart with N51 to close at N2, 587 per unit, was trailed by Cadbury and UAC Property which lost N1.25 each to close at N25.75 and N11.25 per share respectively.

CAP dipped by 84k to close at N29.84 while ETI lost 62k to close at N10.98 per share.

NAN also reports that the financial services sector was the most active with a total of 165.66 million shares worth N1.74 billion traded in 2, 832 deals.

Zenith was the toast of investors in the financial services sub-sector accounting for 35.22 million shares worth N620.76 million traded in 339 deals.  

This was followed by ETI which accounted for 23.28 million shares valued N248.44 million exchanged in 143 deals.



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