Market Capitalisation hits N13tn as equities market sustains uptrend

The Market Capitalisation of the Nigerian Stock Exchange on Friday hits N13.136 trillion as bullish sentiment persists bringing the All Share Index to close higher by 1.80%, settling at 25,204.75 points from the previous close of 24,758.39 points on Thursday. The market gained for 5 consecutive days this week bringing about a cumulative growth of 5.46%.

Investors gain N233 billion as market capitalisation appreciated by 1.81% to close at N13.136 trillion from the previous close of N12.903 trillion.

An aggregate of 259.58 million units of shares were traded in 5,605 deals, valued at N2.88 billion.


Market Breadth

The market breadth closed positive as 28 equities appreciated in their share prices while 16 equities declined in their share prices.


Percentage Gainers

Mobil (11 Plc) led other percentage gainers with 9.97% growth, closing at N213.90 from the previous close of N194.50.

Conoil, UACN, PZ and BUA Cement among other gainers also grew their share prices 9.95%, 9.87%, 9.57% and 9.55% respectively.


Percentage Losers

Caverton Offshore Support Group led other price decliners, shedding 10% of its share price to close at N2.61 from the previous close of N2.90. The firm on Friday proposed 20 kobo dividend to shareholders in its published audited year end results for 2019.

Afromedia Plc shed 9.68% of its share price to close at N0.28 from the previous close of N0.31.

Royal Exchange and Sunu Assurance among other price decliners both shed 9.09% of their share prices respectively.

Volume Drivers

  • UBA traded about 49.17 million units of its shares in 321 deals, valued at N330.88 million.
  • Zenith Bank traded about 44.96 million units of its shares in 607 deals, valued at N756.58 million.
  • First Bank of Nigeria Holdings (FBNH) traded about 30.07 million units of its shares in 407 deals, valued at N156.79 million.

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