SAFAR 12 1431 A.H.
WEDNESDAY JANUARY 27, 2010.
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Market capitalisation appreciates on NSE
The Nigerian capital market opened the week’s trading on Monday on a good note with many more shares appreciating in value.
The News Agency of Nigeria (NAN) reports that the appreciation grew investors’ cumulative net worth by 1.02 per cent.
Market capitalisation went up by N55 billion to close at N5.360 trillion in contrast to the N5.305 trillion recorded on Friday.
The All-Shares Index rose by 224.38 points to close at 22,254.56 compared to the 22,030.18 achieved on Jan.22.
The sector analysis shows that the banking sub-sector dominated transactions on the exchange, trading 175.54 million shares worth N1.16 billion in 3,399 deals.
The sub-sector was boosted by the activities in the shares of UBA which had 27.9 million shares valued at N313.26 million sold in 289 deals.
The insurance sub-sector followed, transacting 48.21 million shares worth N60.91 million in 348 deals while the packaging sub-sector followed with 24.96 million shares exchanging hands at N43.70 million in 23,473 deals.
The shares of 46 companies appreciated in value in contrast to the 32 which share prices dropped.
NAN reports that 7UP led the price gainers’ chart, growing by N1.20 to close at N30.60 per share.
Glaxosmith gained N1.10 to close at N23.11 while Benue Cement Company appreciated by 95k to close at N50.00 per share.
Conversely, Unilever led the price losers’ pack, dipping by N1.25 to close at N23.84 per share.
