NSE: Market capitalisation sets new record at N14.18tr

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The Nigerian Stock Exchange (NSE) market capitalisation on Monday hit a new record of N14.18 trillion at the end of the trading day.

Equities market closed on a positive note as investors gained N330 billion from N37 stocks that recorded gains.

This is the first time the market reaches this level. The closest to this was in July 2014 when the market hit N14.11 trillion.

The All Share Index (ASI) appreciated by +2.38% to close at 39,849.65 basis points as against +0.64% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +4.20%.

Market breath closed positive as Conoil led 37 Gainers as against 9 Losers topped by Vitafoam at the end of today’s session- an Unimproved performance when compared with previous outlook.

Market turnover closes negative as volume moved down by -19.75% as against -8.70% downtick recorded in the previous session.

Transcorp, NB and Diamondbank were the most active to boost market turnover. NB and NESTLE topped market value list.

Japauloil leads the list of active stocks that recorded impressive volume spike at the end of today’s session.

A summary of the trading activities showed that a total of 604 million shares valued at N16.1billion exchanged hands in 5,769 deals.

Similarly, In line with post-’listing requirements of the Nigerian Stock Exchange for quoted companies, Zenith Bank Plc the exchange of its   scheduled commencement of the closed period for trading in the bank’s shares on January 8, 2018, in respect of the Audited Accounts and Financial Statements for the financial year ended December 31, 2017.

 

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