Market Capitalisation Gains N10bn

At the end of transac

tions on the floor of the Nigerian Stock Exchange (NSE) on Monday, the week  opened on a positive note, as market indicators appreciated.

Market capitalisation added N10.1 billion to close positively at N6.63 trillion from N6.62 trillion traded on Friday.

All Share Index (ASI) rose by 0.15 per cent or 31.8 points, to also close positively at 20,934.96 points from 20,903.16 points traded by investors on Friday.

Investors traded a total  of 254,277.086 shares, worth N2.584 billion in 3,938 deals, compared to 280,179,824 shares, valued at N1.91 billion, which exchanged hands in 3,933 deals.

The volume of traded equities went down by 9.25 per cent or 25,902,738 shares, to close negatively at 254,277,086 shares from 280,179,824 shares traded at the floor of the exchange on Friday.

Share value however, appreciated by 35.4 per cent or N675.9 million from N1.91 billion traded on Friday, to close at N2.584 billion.

A total of 99 companies traded at the exchange, with only 17 companies making gains in their transaction, while 22 companies lost. The prices of shares of 60 companies remained unchanged.

Ashaka Cement, Redstarex, NCR and EcoBank all made 73,12,34 and 9 kobo(s) gains per share to lead the gainers chart.

On the other hand, IBTC, Pharmdeko and Vitafoam lost 46, 18 and 29 kobo (s) per share to front the losers chart.

Meanwhile, West African Aluminum Products Plc, West African Glass Indsutries Plc, Lafarge WAPCO Plc, Intercontinental WAPIC Insurance Plc and WEMA Bank Plc are awaiting the approval of Securities and  Exchange commission (SEC) to re-capitalise.