Business

Dangote Cement, Forte Oil, others lift market capitalisation by N66b

NSE1

Transactions on the floor of Nigerian Stock Exchange (NSE) commenced on Monday on a positive as investors gained N66billion.

 At the end of the day’s transaction, Dangote Cement topped the gainers’ table recording N8.99 to close at N238 per share.

Forte Oil followed with a gain of N3.87 to close at N47.97, while Okomu Oil gained N2.99 to close at N67.99 per share.

Glaxosmithkline gained 25k to close at N25.25 and National Salt Company of Nigeria increased 14k to close at N15.40 per share.

 On the flip side, Nigerian Breweries topped losers chart during the day, dropping by N4.92 to close N138.98 per share while Guaranty Trust Bank trailed with a loss of N1.31 to close at N41.69 and International Breweries dropped by 45k to close at N49.35 per share.

Also, the volume of shares traded rose by 91.89 per cent as investors bought and sold 336.34 million shares valued at N30.02 billion in 3,778 deals in contrast with a turnover of 175.28 million shares worth N2.65 billion sold in 3,235 deals on Friday.

 The day’s transaction indicates that market capitalisation was up by N66 billion or 0.51 per cent to close higher at N12.913 trillion against N12.847 trillion on Friday.

Also, the All-Share Index improved by 192 points or 0.52 per cent to close at 37,312.28 compared to 37,120.28 achieved on Friday.

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