Nigerian bourse market capitalisation gains

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Market capitalization on the floor of the Nigerian Stock Exchange (NSE) opened the week on Monday on a high note as it increased to 12.062 trillion naira from 11.9 trillion naira recorded at the end of transactions last Friday.

Similarly the all-share index increased to 62,688.07 from 62,224.86 recorded on Friday.

Investors also staked 8.86 billion naira on 615.6 million shares recorded in 17,972 deals at Monday trading.

For the first time in recent weeks, the petroleum marketing stocks led the top three on the gainers’ table.

Chevron Oil Nigeria Plc led with N13.70 to close at N287.70, Total Nig.Plc followed with N10.00 to close at N230.00 and Mobil Oil Nig. Plc also gained N9.00 closing at N209.00.

On the losers’ table CAPALBETO Plc led the pack, as it depreciated by N6.25 to close at N118.94, Nestle Nig Plc followed with N5.19, closing at N257.00 and Conoil Plc lost N3.50 closing with N140.50.

The insurance sub-sector led on the activity chart, measured in turn-over volume with 236.43 million shares worth 1.17 billion naira in 4,237 deals.

Universal Insurance Company Plc, Cornestone Insurance Company Plc and Goldlink Insurance Plc shares boosted the activity in the sub-sector.

The banking sub-sector followed on the activity chart with 229.9 million shares valued at 5.31 billion naira in 7,123 deals.

Activity in the shares of First Inland Bank Plc, Oceanic Bank International Plc and Access Bank Plc boosted the activity in the sub-sector.

The conglomerates came third on the activity chart with 27.2 million shares worth 154.9 million naira recorded in 710 deals.

Transnational Corporation of Nigeria (TRANSCORP) share was the most sorted after by investors in the sub-sector, followed by UNILEVER Nig.Plc and P.Z.Cussons Nig Plc. Panapress.

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