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NSE market capitalisation rises by N34b

Freedom Online by Freedom Online
October 22, 2013
in Business
0
NGX drops further by N301bn on losses by blue chips

The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday appreciated by N34 billion, following price gains by some blue chip equities.

The market capitalisation, which opened at N11.905 trillion, rose by 0.29 per cent to close at N11.939 trillion.

Also, the All-Share Index inched by 104.94 points or 0.28 per cent to close at 37,368.10 against 37,263.16 achieved on Monday.

 

nigerian_stock_exchange

Forte Oil led the gainers’ chart with a gain of N6.58 to close at N70.88 per share due to what market analysts attributed to improved nine months result released on Monday.

Guinness trailed with N6.06 to close at N246.02, while Nigerian Breweries appreciated by N4 to close at N176 per share.

Conoil chalked up N1.92 to close at N40.48, while Betaglass improved by 60k to close at N13.10 per share.

On the contrary, Cadbury recorded the highest price loss of N2.50 to close at N56.50 per share.

Larfarge Wapo followed with a loss of 47k to close at N98.03, while Ashaka Cement dipped 45 kobo to close at N22.55 per share.

Unilever and Zenith Bank lost 42k and 32k each to close at N60.62 and N21.55 per share, respectively.

GTBank emerged investors’ delight with 77.07 million shares worth N1.97 billion.

It was followed by Transnational Corporation of Nigeria  which accounted for 33.39 million shares valued at N57.41 million, while Access Bank traded 24.93 million share worth N257.37 million.

FBN Holdings recorded a turnover of 15.36 million shares worth N253.31 million, while AIICO sold 14.79 million shares worth N13.822 million.

In all, investors staked N4.26 billion on 308.03 million shares in 5,180 deals against 295.69 million shares worth N3.91 billion traded in 5,921 deals on Monday.

 

 

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.