Market Capitalization Records Marginal Improvement On Nigerian Stock Exchange

Activities on the Nigerian Stock Exchange Wednesday closed on a positive note, driven by renewed bargain hunting activities which lifted the NSE ASI and market capitalisation by 0.18 per cent.
Consequently, the All-Share Index grew by 48.23 basis points or 0.18 per cent from 27,389.02 index points recorded the previous day to close at 27,437.25 while the market capitalisation of equities appreciated by N17 billion or 0.18 per cent to close at N9.423 trillion from N9.406 trillion.
On the activity chart, banking subsector of the financial services sector dominated in volume terms with 225.3 million shares exchanged in 1,414 deals. The sub sector was enhanced by the activities in the shares of Access Bank Plc and UBA Plc.
Premium subsector boosted by the activities on the shares of Zenith Bank Plc and FBNH Plc followed with 30.9 million units traded in 474 deals.
In all, investors exchanged a total of 297.5 million shares exchanged in 3,438 deals.
On the gainers’ chart, shares of petroleum products marketers, ETI Plc led the gainers with a gain of 8.71 per cent to close at N11.48 per share. Eterna Oil and NPF MFB Plc rose by 4.17 per cent each to close at N2.50 and N1.00 per share respectively while the Airline Services Plc added 3.29 per cent to close at N2.20 per share.
On the flip side, shares of CCNN Plc led the losers with a loss of 8.94 per cent to close at N6.01 per share. Ikeja Hotels and International Breweries Plc plunged five per cent each to close at N1.71 and N19.00 per share respectively while Wema Bank Plc dropped 4.29 per cent to close at 67 kobo per share.

Author: News Editor

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