Nigerian bourse market capitalisation upbeat

Reading time 2 min.
Man holding a flag of Nigeria
Man holding a flag of Nigeria

Market capitalisation on the floor of the Nigerian Stock Exchange (NSE) Thursday went up to 12.495 trillion naira from 12.490 trillion naira recorded at the end of transactions Wednesday.

The All-Share Index also jacked up to 65,529.00 from 65,507.46 points.

Chevron Nig Plc led the gainers’ table with N10.00 to close at N391.00; Cappa D’Alberto followed with N6.96 to close at N146.31 while Julius Berger Nig Plc also gained N6.30, closing at N132.34.

On the losers’ table, three oil marketing petroleum stocks, led by Conoil Plc lost N6.55 to close at N124.6; Total Nig Plc followed with N4.80, closing at N215. 2 0; Oando Plc also lost N4.01 to close at N261.99.

Investors staked 19.7 billion naira on 1.60 billion shares in 25,259 deals.

The insurance sub-sector led on the activity chart in turn-over volume with 438. 6 million shares, worth 2.127 billion naira in 6,617 deals.

Universal Insurance Plc, Linkage Assurance Plc and Equity Assurance Plc boosted the activity in the sub-sector.

For the first time in recent weeks, the conglomerates sub-sector displaced the banking sub-sector to come second on the activity chart, with a turnover of 287 million shares valued at 1.407 billion naira recorded in 1,766 deals.

The shares of Transnational Corporation Plc (Transcorp), UNILEVER Plc and P.Z Industries Plc boosted the activity in the sector.

The banking sub-sector came third on the activity chart with a turn-over of 207. 5 million shares, worth 5.83 billion naira.

Oceanic Bank Plc, Diamond Bank Plc and Guaranty Bank Plc boosted the activity in the sub-sector.

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