Capitalisation Hits N13.2trn At Exchange

Nigerian Stock Exchange (NSE) last Tuesday ended the 2013 trading in grand style as the market capitalisation hits N13.226 trillion, the highest for the year.

The capitalization gained N275 billion or 2,12 per cent compared to N12.951 trillion traded by investors on Monday prior to the year’s ending transaction.

All-Share Index also increased by 857.06 points or 2,12 per cent to close at 41,329.19 points as against 40.472.13 points traded on Monday.

Investors traded a total volume of 562.44 million shares, valued at N3.91 billion which exchanged hands in 3,710 deals.

This was compared to 423.66 billion shares, worth N3.85 billion, traded by investors in 4,206 deals on Monday.

Nestle made N25 gain to lead the gainers table, closing at N1,200 per share.

Dangote Cement followed after making N6.19 gains per share to close at N218.99 per share as the most highly capitalised stock at the Exchange.

However, Forte Oil lost N10.55, to close at N97.75 per share, as the leader of the losers chart table.