THE STOCK MARKET APPRECIATES FOR N282 BILLION
BY OMOKHUALE PUAH
The Nigerian Stock Exchange (NSE) market capitalization, Thursday records a N282 billion increase at the close of trading.
In the record which occurred one day before the country’s economic recession, it was reviewed that a total of 25 stocks appreciated in price, as however, 13 stocks declined in price.
The record also revealed that while the NSE All- share index closed at 28,419.92 base points from 27,699.03 base points, the NSE market capitalization rose from N9.478 trillion to N9.760 trillion, even as the market traded on a 229.225 million shares, worth N2.117 billion at a 3,243 deal.
According to the record, the highest point of index attained in the course of trading was 28,419.92 base point, as the lowest was 27,368.41 and the average was at 27,666.28 base points respectively.
Following the record, the top five gainers in the NSE market capitalization were Dangote Cement Plc, FCMB Group Plc, CAP Plc, AIICO insurance Plc and Wema Bank Nigeria Plc.
The percentage and appreciation was included in the record as, Dangote Cement appreciated on a percentage of 8.59 by N15.11, to close at N191, from N175.89. CAP had its percentage on 4.92 at a gain of 1.48, which closed at N31.57 from N30.09. FCMB’s share appreciated on a 4.90 per cent by N0.05, to close at N1.07from N1.02. AIICO shares which rose from N0.63 to N0.66 with a gain of N0.03 at 4.76 percent. Wema Bank shares gained at N0.03 at a percentage of 4.55 to close at N0.69 from N0.66.
Other gainers included were, Sterling Bank Plc, Microfinance Bank Plc, NPF, Trans-nationwide express Plc, Fidson Plc, law union and Rock insurance Plc, Fidelity Bank Plc and others.
Also in record, were the top five which emerged losers, in the host of others and they include Cutix Plc, May and Baker Nigeria Plc, Chellaram Plc, Tripple G Plc, Caverton Support Group Plc.