NSE: Market Capitalisation Rises By N48.2 Billion

Transactions on the floor of the Nigerian Stock Exchange (NSE) ended psoitvely as market indicators made appreciable improvement to raise investors’ hope.

Specifically, market closed higher at 25,913.44 points compared to 25.719.32 points traded the previous day.

Market capitalisation went up by N48.2 billion from N6.26 trillion, to close higher at N6.30 trillion.

Investors traded a total of 397,840,489 shares worth N3.67 billion in 7,077 deals, compared to 360,610,049 shares valued at N4.17 trillion which exchanged hands in 7,063 deals traded on Wednesday.

The volume of the traded equities also appreciated by 37,230,440 shares or 10.3 per cent, to close higher at 397,840,489 shares.

However, the value of traded shares declined by N501.2 million from N4.2 trillion ot N3.7 trillion.

The gainers chart paraded Cadbury, BCC and OANDO which opened and closed at N26.10, N27.40; N65.00 N66,06 and N78.18, N79.00 respectively, gaining N1.30, N1.06 and N0.82 per share respectively.

The losers chart in the other hand was led by WAPCO after losing N0.49 per share.

51 companies made gains on their stock yesterday as against 19 companies that recorded losts in their transactions.