Share Index, Capitalisation Rise At Exchange

As capital market struggles to survive the fluctuating stock season, the week’s transaction ended  with a little hope for the Nigerian investor, as all share market indicators rose to close the week.

All share Index, capitalisation and the value of traded equities all appreciated while only the volume of listed equities declined.

Specifically, market closed at 23,772.40 points, adding 148.59 points to 23,623.81 points, traded on Thursday.

Market capitalisation also rose by N36.4 billion, from N5.79 trillion traded Thursday to close higher at N5.83 trillion.

A total of 333,911.455 shares worth N2.4 billion were bought by investors in 5.567 deals as against 416,275,336 shares, valued at N2.1 billion which exchanged hands in 5,717 deals.

The volume of shares depreciated by 19.8 per cent or 82,363,881 shares from 416,275,336 shares traded Thursday, to close lower at 333,911,455 shares.

On the other hand, share value rose by 14.5 per cent or N303.6 million from N2.1 billion traded Thursday, to close higher at N2.4 billion.

Guinness, N13, Unilever and Glaxosmith led the gainers chart, after making N8.67, N1.90, N1.31 and N1.17 gains, respectively.

Also, UACN, Cadbury, AP and Dangflour all lost N1.86, N1.38, N1.26 and N.53 respectively to be in the fore front of the losers chart.