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GTBank tops losers’ chart as NSE market capitalisation increases by N66bn

Ola Simeon by Ola Simeon
December 22, 2015
in Breaking News, Business, News
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GTBank declares N116.39bn profit before tax for 2014
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Transactions at the Nigerian Stock Exchange (NSE), on Tuesday for the second consecutive day maintained an upward trend with the market capitalisation improving further by N66 billion.
The market capitalisation, which opened trading for the day at N9.189 trillion, rose by N66 billion or 0.72 per cent to close at N9.255 trillion.
The All-Share Index also rose by 189.58 points or 0.71 per cent to close at 26,918.22 against 26,728.64 posted on Monday.

Forte Oil led the gainers’ table with a gain of N18.90 to close at N273 per share.

It was trailed by Mobil Oil having garnered N10.20 to close at N130.20, while Nigerian Breweries appreciated by N5.80 to close at N121.80 per share.

Lafarge Africa increased by N1.75 to close at N153 per share.

Conversely, GT Bank topped the laggards’ chart, dropping by N1 to close at N19 per share.

PZ lost 67k to close at N28.31, while Port Land Paint and Products dropped by 16k to close at N3.42 per share.

Zenith Bank declined by 13k to close at N13.70, while Transcorp shed 12k to close at N1.33 per share.

Also, the volume of shares traded closed higher with a total of 397.26 million shares valued at N2.64 billion exchanged in 2,683 deals.
This was in contrast with 195.98 million shares worth N2.39 billion traded in 2,387 deals.
Wema Bank was the most active stock, exchanging 161.46 million shares worth N138.89 million.

Fidelity Bank followed with 60.52 million shares valued at N84.31 million, while GT Bank accounted for 34.35 million shares worth N656.64 million.

FBN Holdings traded 24.57 million shares valued at N115.41 million and UBA sold 23.81 million worth N84.06 million.

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