x

Trading sustains upward trend on NSE, market capitalisation crosses N13trn mark

The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday sustained a positive trend, crossing to N13 trillion mark on the second trading day of 2020.

Specifically, the market capitalisation rose by N49 billion to close at N13. 019 trillion against N12. 970 trillion on Thursday.

Similarly, the NSE All Share index inched 101 points or 0.37 per cent to close at 26,968.79 from 26,867.79 on Thursday.

A breakdown of the price movement chart indicates that Guaranty Trust Bank led the gainers’ table, gaining 90k to close at N30.10 per share.

Okomu Oil Palm also appreciated by 90k to close at N56.50, while Zenith Bank added 55k to close at N19.25 per share.

Ecobank Transnational rose by 40k to close at N6.95, while United Bank for Africa increased by 30k to close at N7.50 per share.

On the other hand, Nigerian Breweries topped the losers’ chart declining by N2.90 to close at N56.10 per share.

Inter Links trailed with a loss of 29k to close at N2.91, Oando dipped 0.29k to close at N3.70 per share.

GlaxoSmithKline lost 25k to close at N5.25, while Fidson was down by 10k to close at N2.70 per share.

Further analysis of the activity chart shows that Niger Insurance was the most active stock, exchanging 127.244 million shares worth N27.99 million.

Verita Capital followed with an account of 121.21 million shares valued at N24.24 million, while Zenith Bank sold 63.54 million shares worth N1.21 billion.

United Bank for Africa traded 46.04 million shares valued at N340.67 million, while Japaul Oil traded 30.16 million shares worth N6.04 million.

Consequently, the volume of shares traded grew by 130.74 per cent with an exchange of 608.86 million shares valued at N3.76 billion in 6,071 deals.

This was against 264.10 million shares worth N5.23 billion exchanged in 3,178 deals on Thursday. (NAN)

Hot this week

Thunderstorm Disrupts 132kV Otukpo–Nsukka–New Haven Transmission Line

By Jabiru Hassan The Transmission Company of Nigeria (TCN) has...

Langtang North Authorities Intercept Expired Products, Drugs

By Israel Adamu, Jos Several fake and expired products were...

A’ibom: Police nab Monarch for attempted murder,nab two cable vandals

By Ogenyi Ogenyi, Uyo The Police in Akwa Ibom has...

Alleged Malicious Post on Tinubu: Sowore Faults DSS Letter

By Achadu Gabriel, Kaduna Human rights activist and former presidential...

FCTA Vows Increased Commitment To Advance Child Healthcare

By Joyce Remi-Babayeju The Minister of State for the Federal...

Tinubu tasks Catholic Bishops on national peace and development

By Ogenyi Ogenyi, Uyo President Bola Tinubu has called on...

CSGGG Hails Rivers Sole Administrator’s Leadership

…Says Peace Brokered, Trust Restored…Lauds Transformative Governance, Credits Tinubu’s...

Breaking: FG Set to Integrate Organ Transplant Services Into NHIA

… To End Unethical Local Organ Transplantation Practices By Joyce...

Atissa Youth Council Urges NDDC to Rescue Famgbe, Obogoro from Erosion

By Amgbare Ekaunkumo, Yenagoa Two historic communities in Bayelsa State,...

Sokoto-Badagry Superhighway to Boost Trade, Regional Integration

By Muhammad Ibrahim, Sokoto The Sokoto-Badagry Superhighway project, a major...

The 22 Sins of El-Rufai in Kaduna, Nigerians Won’t Forget Soon – Civic Group

By Our Correspondent A Kaduna-based civic group, the Kaduna Leadership...

Gov Ododo Condemns Egbe Bandits’ Attack, Vows Justice for Fallen Heroes

By Noah Ocheni, Lokoja Kogi State Governor, Alhaji Ahmed Usman...

FG Goes Digital To Ensure Drug Availability In Hospitals

By Joyce Remi-Babayeju The federal government has gone digital to...

Related Articles

Popular Categories

spot_imgspot_img