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NSE market capitalisation hits N11trn

04 April 2013, 14:04

Lagos - The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday appreciated by N63 billion to hit the N11 trillion mark for the first time after the global economic meltdown.

The News Agency of Nigeria (NAN) reports that the market capitalisation grew by 0.57 per cent to close at N11.06 trillion against the N10.99 trillion recorded on Tuesday.

The All-Share Index also increased by 196.85 points to close at 34 548.72 from the 34 351.87 posted on Tuesday due to price gains by some highly capitalised equities.

Okomuoil recorded the highest price gain of N7.97 to close at N87.72 per share.

Nigerian Breweries gained N3 to close at N169 per share, while 7UP appreciated by N1 to close at N50 per share.

Guinness increased by 98k to close at N266, while Beta Glass rose by 94k to close at N10.43 per share.

Conversely, NewGold topped the losers' chart with a loss of N42 to close at N2,418 per unit.

Presco lost N2.50 to close at N22.50, while MRS Oil dipped by N2.48 to close at N22.40 per share.

GTBank dropped N1.77 to close at N25.68. while PZ Cussons dipped by 71k to close at N36 per share.

In all, investors staked N6.45 billion on 516.34 million shares in 7 898 deals.

This was in contrast to the 291.26 billion shares valued at N4.19 billion traded in 5 317 deals on Tuesday.

Zenith Bank was the toast of investors, accounting for 68.76 million shares worth N1.57 billion.

Sterling Bank followed on the activity chart with 54.93 million shares valued at N159.44 million, while Wema Bank sold 38.47 million shares worth N65.69 million.


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