Market capitalisation up by N324billion

Major blue chip companies on Thursday sustained positive growth with Nestle leading gainers’ pack with N23 to close at N855 per share with the market capitalisation appreciating by N324 billion

Total came second with a growth of N15 to close at N195 and Dangote Cement garnered N9.71 to close at N203.96 per share.

Nigerian Breweries appreciated by N5.69 to close at N149.49, while Guinness increased by N5.31 to close at N111.76 per share.

Consequently, the All-Share Index grew by 943.43 points or 3.13 per cent to close at 31,071.25 points compared with 30,127.82 recorded on Wednesday.

Also, the market capitalisation inched N324 billion or 3.13 per cent to close at N10.671 trillion against N10.347 trillion recorded on Wednesday.

On the other hand, Cap topped the losers’ chart, dropping by N1.44 to close at N34.68 per share.

International Breweries trailed with a loss 13k to close at N19.86, while NPF Micro Finance Bank declined by 6k to close at N1.17 per share.

Access Bank shed 4k to close at N6.16 and Skye Bank dipped 3k to close at N1.10 per share.

However, the volume of shares traded closed lower with an exchange of 450.52 million shares valued at N5.71 billion transacted in 6,360 deals.

A total of 541.87 million shares worth N7.93 billion were achieved in 5,727 deals on Wednesday.

Zenith Bank was the most traded in volume terms, trading 96.77 million shares worth N1.72 billion.

Transcorp followed with 64.43 million shares valued at N124.03 million and United Bank for Africa sold 61.04 million shares worth N310.50 million.

Access Bank exchanged 34.79 million shares valued at N217.59 million and FBN Holdings traded 30.72 million shares worth N132.39 million.