NSE Market Cap Surges Marginally By N5bn

Posted by Lolade on Wed 03rd Jun, 2015 - tori.ng

The market capitalization of the Nigerian Stock Exchange, NSE, appreciated marginally by 0.05 per cent or N5 billion on Tuesday, June 2.

Trading activities on the floor of the Nigerian Stock Exchange took a positive turn on Tuesday, June 2, as market capitalization rose marginally by 0.05 per cent or N5 billion,

This development emerged as few highly capitalized stocks remained unchanged at the closed of trading.

Specifically, the All-share Index (ASI) leaped by 17.24 basis points or 0.05 per cent to close at 34,061.89 as against the 34,044.65 points recorded on Monday, June 1.

The market capitalization also soared marginally by N5 billion or 0.05 per cent to close at N11.574 trillion from the N11.568 trillion attained on Monday, June 1.

It was followed by Contain Plc’s nine kobo or 9.18 per cent to close at N1.94.00 per share. Dangote Flour Plc trailed with 20 kobo or 5 per cent to close at N4.20 per share. Livestock Feeds Plc added 11 kobo or 4.82 per cent to close at N2.39 per share. Cutix Plc profits eight kobo or 4.62 percent to close at N1.81 per share.

Conversely, Integrated Energy Insurance Plc led on the losers’ table with three kobo or 5.66 per cent to close at 50 kobo per share. It was followed by Academy Plc with five kobo or 5 per cent to close at five naira per share. NPF Microfinance Bank Plc depreciated by six kobo or 5 per cent to close at N1.14 per share. Ikeja Hotel Plc shed 19 kobo or 4.87 per cent to close at N3.71 per share while National Aviation Handling Company Plc (NAHCO) came fifth among the top five ranking, shedding 27 kobo or 4.23 per cent to close at N6.11 per share.

In all, investors traded 224.72 million shares valued at N3.47 billion exchanged in 3,940 deals.