NSE market capitalization rises further by 1.28%

Market capitalisation for the equities market appreciates further after the close of activities on the floor of the Nigerian Stock Exchange on Tuesday.

The market capitalisation closed at 9.249 trillion Naira but when compared to Monday’s close of 9.132 trillion Naira, the market capitalisation appreciated by 117 billion Naira or 1.28 per cent.

Similarly, the All Share Index appreciated by 1.28 per cent or 337.88 basis points when it closed at 26, 756.21 basis points compared to Monday’s close of 26,418.33 basis points.

34 stocks appreciated at the end of activities compared to Monday’s 26 stocks. The top three gainers’ are;

GAINERS

OANDO PLC retained its position as the top gainer for the second time today when it closed at N8.69 per share. Compared to yesterday’s closing price of N7.89 per share, OANDO PLC gained 80 kobo or 10.14 per cent.

FIDSON HEALTHCARE PLC followed with a closing price of N1.84 per share as against the previous closing price of N1.68, gaining 16 kobo or 9.52 per cent.

TRANSNATIONAL CORPORATION OF NIGERIA PLC came third when it closed at N1.05, gaining seven kobo or 7.14 per cent when compared to a previous closing price of 98 kobo.

Only eight stocks declined at the end of activities on the floor of the NSE for the equities market as against yesterday’s 12 stocks. The top three losers’ are;

LOSERS

LINKAGE ASSURANCE PLC topped the chart when it closed at 52 kobo per share. Compared to yesterday’s closing price of 54 kobo per share, LINKAGE ASSURANCE PLC fell by 2 kobo per share or 3.70 per cent.

DANGOTE SUGAR REFINERY PLC was next with a closing price of N6.46 per share when compared to Monday’s closing price of N6.70 per share, falling by 24 kobo or 3.58 per cent.

While TOTAL NIGERIA PLC. Came third when it closed at N249 per share. Compared to Monday’s closing price of N255 per share, this stock fell by N6.00 or 2.35 per cent.

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