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NSE capitalisation soars by N111bn

By Chinedu Ibeabuchi
THE persistent plunge in the value of listed equities was brought to a halt, Monday, on the Nigerian Stock Exchange (NSE) as market capitalisation appreciated by N111.4 billion.

The key market indicators, represented by the market capitalisation and the all-share index both rose by 2.2 per cent each.
Specifically, the market capitalisation gained N111.4 billion to close at N5.149 trillion from N5.037 trillion at which it opened. While the All-share index rose by 486.12 points to close at 22,460.08 points from 21,973.96 points.

This was occasioned by share price appreciation in the majority of listed equities, with Nestle Nigeria Plc recording the highest price appreciation rising by N9.85 to close at N206.87 per share from N197.02 per share at which it opened, followed by Oando Plc rising by N4.50 to close at N94.50 per share and Conoil Plc appreciated by N2.35 to close at N49.35 per share.

Other share price gainers include: Nigeria Breweries Plc N2.27, Africa Petroleum Plc N1.41, Nigeria Bottling Company Plc N1.15, Lafarge Wapco Plc N1.00, Flour Mills Nigeria Plc N0.92, Glaxo SmithKline Consumer Plc N0.87, P Z Cussons Nigeria Plc N0.69, among others.

On the contrary, Guinness Nigeria Plc led the losers table depreciating by N1.10 to close at N141.00 per share from N142.10 per share at which it opened, followed by UACN-Property Development Plc shedding N0.80 to close at N15.20 per share and Unilever Nigeria Plc lost N0.62 to close at N16.00 per share.
Other share losers include: Portland Paints and Products Plc N0.40, University Press Plc N0.34, Presco Plc N0.24, R T Briscoe Plc N0.22, Evans Medical Plc N0.12, Wema Bank Plc N0.09 and Capital Oil Plc N0.06, among others.

A significant improvement was recorded in equity trading, rising by 127.2 per cent, with a turnover of 624.29 million shares valued at N3.1 billion in 6,324 deals in contrast to the previous day’s turnover of 274.77 million shares valued at N1.57 billion in 5,275 deals.

The banking sub-sector emerged as the most active in the sectorial analysis, accounting for 54 per cent of the market turnover, with a turnover of 335.65 million shares valued at N2.3 billion in 2,709 deals. Zenith Bank Nigeria Plc recorded the highest patronage in the sub-sector, with 79.46 million shares valued at N787.08 million in 564 deals, followed by United Bank for Africa Plc exchanging 69.76 million shares valued at N660.19 million in 258 deals and First City Monument Bank Plc  recorded 51.58 million shares valued at N270.05 million in 118 deals.

Occasioned by massive trading on the shares of Capital Oil Plc in the Second-Tier Securities sub-sector, the emerging markets followed as the most active in the sectorial analysis, accounting for 16.03 per cent of the market turnover, with a turnover of 100.05 million shares valued at N131.07 million  in 13 deals. Capital Oil Plc which was the toast of investors in the sub-sector exchanged N100.04 million shares valued at N131.05 million in 9 deals.


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