Stock market report: Market Cap rises by N92bn

Stock market report: Market Cap rises by N92bn
May 23
19:25 2014

Transactions on the Nigerian Stock Exchange (NSE) on Friday maintained the bullish trend with market capitalisation appreciating further by N92 billion which is, 0.70 per cent to close at N13.831 trillion against N13.060 trillion achieved on Thursday.

Similarly, the All-Share Index, which opened at 39,553.00, appreciated by 278.83 points to close the week at 39,831.83.

Forte Oil, for the second consecutive day, led the gainers’ table, appreciating by N17.34 to close at N186.54 per share.

Mobil followed, adding N5.10 to close at N130, while Nigerian Breweries rose by N2.63 to close at N176.13 per share.


However, Sim Cap led the losers’ chart, dropping N5.17 to close at N98.33 per unit.

Okomu Oil lost N1.70 to close at N32.30, while Beta Glass dropped 85k to close at N16.22 per share.

Transcorp was investors’ favourite stock, with a turnover of 18.17 million shares worth N69.79 million.


It was followed by Oando with 17.58 million shares valued at N352.59 million, while FCMB traded15.94 million shares worth N61.53 million.

In all, investors exchanged 198.03 million shares worth N3.09 million achieved in 5,187 deals on Friday against the 267.78 million shares valued at N3.18 billion traded in 3,937 deals on Thursday.

Market reopens on Monday.



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