NSE Market Capitalisation Jumps By N79bn As 26 Stocks Appreciate

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A total of 412.122 million shares valued at N4.721bn exchanged hands in 4,207 deals. The total volume of trades increased by 64.18 per cent, while market turnover expanded by 25 per cent. The market recorded 17 declines. Equities market capitalisation closed at N12.799tn from N12.720tn. Dangote Sugar Refinery Plc topped the gainers’ list, advancing by 9.8 per cent to close at N14 per share. Other stocks that featured on the list include C&I Leasing Plc, Airline Services and Logistics Plc, Livestock Feeds Plc and Cement Company of Northern Nigeria Plc. On the other hand, Cutix Plc, which closed at N2.09 per share, emerged as the worst-performing stock with a five per cent decline in price. This was followed by NPFMicrofinance Bank Plc, May & Baker Plc, Mobil Oil Nigeria Plc and Aiico Insurance Plc. Sector performance as measured by NSE sector indices showed that at the close of trades, only the NSE oil/gas index dropped, declining by 0.19 per cent. The NSE banking, the NSE food/beverages, the NSE industry and the NSE insurance indices appreciated, gaining 1.57 per cent, 0.95 per cent, 0.23 per cent and 0.10 per cent, respectively. Analysts at Meristem Securities said, “We attribute the markets’ performance to gains recorded on some large cap stocks, as well as the continued positive investor sentiments which have pervaded the market following the release of impressive financial scorecards by some companies. “We expect the current market mood to be sustained in the coming week upon the release of the half-year results by the tier-1 banks.” Punch Newspaper To Receive Free News Updates, Add To Your WhatsApp: 08033857245; For Adverts Enquiries, Call 08083609209, To Publish Your Articles Or News Stories, Email editor@skytrendnews.com. READ ALSO! Between GoDaddy And Namecheap: Making The Best Choice For Domain Name Registrar READ ALSO! Nigeria’s Economy Might Relapse Into Protracted Recession If… — Country’s Central Bank READ ALSO! The Internet’s Future Lies With Its Next Billion Users — Sundar Pichai, Google CEO READ ALSO! Nigeria Govt To Adopt Agriculture, Mining As Thrust For Rapid Economic Development — Osinbajo READ ALSO! Woman Marries Her Son After Getting Pregnant For Him READ ALSO! Smartphone Sales Fall As Samsung, Apple Consolidate Market Share READ ALSO! The Smart CEO: Top 5 Websites To Get Cheap Domain Name Registration ]]>