NSE: Market Capitalisation Gains N37Billion

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Activities on the floor of the Nigerian Stock Exchange (NSE), Friday took a different shape, as all the market indicators rose to end the week on a positive note for the first time in recent times.

Specifically, market capitalisation gained N37 billion to close at N7.62 trillion from N7.58 trillion traded on Thursday.

All-share Index also gained 116.72 points to close at 23,832.14 points from 23.715.42 points traded by investors on Thursday.

A total of 251,537,591 shares, valued at N2.10 billion exchanged hand in 5,314 deals, compared to 195,798,525 shares worth N1.52 billion, in 5.361 deals.

One hundred and thirteen companies traded on the floor of NSE, 24 companies made gains in their transactions, as against  25 companies that lost in their trading, while the share prices of 64 companies remained unchanged.

The gainers’ chart was led by Glaxosmith after making N1.15 gains per share. Access Bank, First Bank Diamond Bank and Cap Hotel all gained 31 kobo, 56 kobo, 23 kobo and 26 kobo, respectively to follow Gloxsmith.

On the other hand, the losers’ chart paraded Sterling Bank, WAPCO, Julius Berger and Ashaka Cement, with 8 kobo, N2.38,49 kobo and N1.02 lose per share, respectively.

At the sectoral level, the Banking sub-sector shares were the most active, with 163,683,732 shares, worth N1.1 billion exchanging hands in 2,877 deals.

Insurance sub-sector followed with 48,462,814 shares, valued at N70.8 million, traded in 201 deals.