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Nigerian Stock Exchange market capitalisation increases by N27bn




The market capitalisation of the Nigerian Stock Exchange (NSE) for the third day posted further growth increasing by N27 billion on Wednesday, February 24.

According a report by News Agency of Nigeria, the market capitalisation rose by N27bn or 0.23 per cent to close at N11.55tn against N11.52tn on Tuesday.

Also, the All-Share Index, which opened at 33,436.61, inched 78.32 points or 0.23 points to close at 33,514.93 due to price growth by some highly capitalised equities.

The gainer include Seplat as it led the table during the day, appreciating by N9.98 to close at N485 per share.

Guinness followed with a gain of N3.10 to close at N66.10 and Okomuoil Palm increased by N1.50 to close at N64.50 per share.

PZ Industries added N1.05 to close at N22.05, while Stanbic IBTC grew by 99k to close at N32.49 per share.

Meanwhile, the losers include Nestle as it posted the highest loss to lead the losers’ table, shedding N16.50 to close at N903.50 per share.

Presco trailed with a loss of N3.22 to close at N61.32 and Dangote Cement shed N2 to close at N208 per share. MRS declined by N1.86 to close at N15.44 and Flour Mills depreciated by N1.10 to close at N25.15 per share.

It was also reported that the volume of shares traded closed lower as investors bought and sold 331.43 million shares valued at N3.24bn in 4,055 deals.


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