Business

NSE market capitalisation gains N1.465trn in four days

Trading on the floor of the Nigerian Stock Exchange (NSE) yesterday showed an improvement in the positive performance witnessed since the start of the year as the All Share Index and market capitalisation rose by 3.0 per cent each.

All Share Index went up by 1,225.43 basis points or 3. 0 per cent to close at 43,041.54 points from 41,816.11 points it closed on Wednesday while market capitalisation closed at N15.317 trillion after it appreciated by N436.092 billion from N14.880 trillion recorded in the previous trading day.

This brings the total appreciation in market capitalisation in four trading days to N1.465 trillion from N13.851 trillion it closed on Friday, while the All Share Index in the same period appreciated by 4,118.26 basis points or 10.58 per cent from 38,923.26 points it closed last Friday.

Just like it did on Wednesday, Transnational Corporation emerged the most traded equity on Thursday with an exchange of 208.776 million shares worth N439.193 million.

It was trailed by Diamond Bank having accounted for 149.702 million shares valued at N368.331 million, while Zenith Bank recorded 129.432 million shares worth N4.404 billion; FBN Holdings exchanged 93.161 million shares valued at N1.057 billion while Access Bank traded 89.463 million shares worth N1.076 billion.

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