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Capital market bounces back, gains N121bn

22 January 2016, 20:36

Lagos - The value of equities in the Nigerian Stock Exchange appreciated by N121bn on Thursday in a second-day gain after straight losses for 10 days.

This feat was realised despite the fall in the share prices of 14 firms quoted on the Exchange.

Data at the end of trading showed a rise in market capitalisation from N8.025tn to N8.146tn and an appreciation in the NSE All-Share Index from 23,335.01 basis points to 23,686.67 basis points.

Also read: Nigerian capital market loses N317bn in one day

A total of 476.148 million shares worth N3.636bn exchanged hands in 5 398 deals, with 29 firms gaining on their share value.

The highest index point recorded in the trading session was 23 686.67 basis points, while the lowest and the average index points were 22 456.32 and 23 108.57 basis points, respectively.

FBN Holdings Plc, Union Bank Nigeria Plc, Nigerian Breweries Plc, Okomu Oil Palm Plc and 7UP Bottling Company Plc emerged top five gainers after the close of trading.

Read more at Punch

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