NSE market capitalisation up by N177bn on Dangote Cement gain

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The market capitalisation rose by N177 billion or 1.40 per cent to close at N12.787 trillion compared with N12.610 trillion.

The key market indicators of the Nigerian Stock Exchange on Thursday posted the first gain for the week, appreciating by 1.40 per cent.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are: Dangote Cement, MTN Nigeria, Custodian Investment, Africa Prudential and FBN Holdings. Jaiz Bank followed with a gain of 7.41 per cent to close at 58k, while Custodian Investment appreciated by 3.09 per cent to close at N5, per share.

Mutual Benefits Assurance came second with a loss of 4.76 per cent to close at 20k, while BUA Cement lost 3.50 per cent to close at N40 per share. Custodian Investment followed with an exchange of 20.04 million shares worth N100.18 million, while Zenith Bank traded 17.94 million shares valued at N278.97 million.

 

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