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NSE market capitalisation starts August trading with N14 billion growth

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The Nigerian Stock Exchange (NSE) on Thursday started trading for the month of August with a growth of N14 billion.

This was due to bargain hunting in the shares of MTN Nigeria, NASCON Allied Industries and 10 other stocks.

The upturn was impacted by gains recorded in medium and large capitalised stocks, including MTN Nigeria, NASCON, Berger Paints Nigeria, Fidson Healthcare and Flour Mills. Honeywell Flour Mills went up by 5.26 per cent to close at N1, while Unity Bank appreciated by 3.03 per cent to close at 68k per share.NCR Nigeria followed with a decline of 8.62 per cent to close at N5.30, while Forte Oil went down by 8.14 to close at N18.05 per share.

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