NSE market capitalization rises to N207bn

Salamatu Ejembi, Lagos

Children ring the closing bell on Friiday

The Nigeria Stock Exchange closed its activities for the week with all market indices appreciating with the exception of the NSE ASeM Index which retained its closing price of 1,195.56 throughout the week.

Specifically, the market capitalisation rose by 207 billion naira or 2.10 per cent from yesterday’s closing of 9.841 trillion to close at 10.048 trillion, whereas the All-Share Index gained 596.91 basis points or 2.10 per cent to close at 29,064.52 basis points.

The Banking Index gained the most by 4.43 per cent followed by Premium Index with a 3.12 per cent gain, while the Pension Index gained by 3.05 per cent.

Investors traded 7.3 million shares worth 5.7 billion Naira in 4,435 deals with thirty-three stocks appreciating and 20 depreciating at the close of the market activities.

FBN Holdings Plc topped the gainers table by 45 kobo or 10.14 per cent; Oando Plc gained 64 kobo or 7.66 per cent while Guaranty Trust Bank Plc gained by N1.68 or 5 per cent.

The top three losers were Mobil Oil Nigeria Plc. They led the losers’ pack by five per cent or N14.98.

Learn Africa Plc fell by 4.94 per cent or four kobo while Nigerian Aviation Handling Company Plc depreciated by 4.93 per cent or 15 kobo.