…As market cap hits N13trn
By Chinwendu Obienyi
The positive trend on the Nigerian Stock Exchange(NSE) persisted for the fifth consecutive week, with the NSE All Share Index (ASI) advancing further by 0.27 per cent to close at 37,525.38 points.
The total market value increased by over N34 billion even as market capitalisation hit the new high of N13 trillion.
The consumer goods index posted the highest value of 2.18 per cent but a mixed performance from other sub sectors was recorded at the close of yesterday’s trading.
Cement Company of Northern Nigeria (CCNN) topped the gainers chart, advancing by 10.16 percent to close at N10.84 per share. CI Leasing fared better, increasing by 10.00 per cent to close at N1.10 while Dangote Flour appreciated by 7.61 per cent to close at N5.80.
On the flipside, Axa Mansard decreased by 4.61 per cent to close at N2.07 to lead the laggards. Continental Reinsurance followed, depreciating by 4.32 per cent to close at N1.33 while AG Leventis fell by 4.17 per cent to close at 0.69 kobo per share.
Three of the listed tier one lenders, Access, Zenith and GT Bank were the most actively traded stocks as the market awaits their second quarter half year earnings.
Total transactions on the three big banks accounted for about a 100 billion units of the 254.48 million shares traded by investors in 4,600 deals valued at N5.79 billion.
This is in contrast with the total volume of 2.518 billion shares worth N114.117 billion in 23,546 deals traded last week.