NSE market capitalisation opens week with N37bn growth

resumed trading for the week on Monday on a positive trend, with the market capitalisation rising by N37 billion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Okomu Oil, MTN Nigeria, Unilever Nigeria, Lafarge Africa and GlaxoSmithKline. Neimeth followed with a gain 9.72 per cent to close at 79k, while BOC Gases appreciated by 9.59 per cent to close at N4 per share.

Wapic Insurance dipped 6.25 per cent to close at 30k, while Transcorp shed 4.17 per cent to close at 69k per share.

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Market sheds N99bn as profit-taking dips performance – Daily TrustAt the close of trading on the Nigerian Stock Exchange (NSE) last week, the domestic equities market performed negatively as investors profit-taking in some blue chip stocks dipped the market’s value by N90.7 billion, resulting in the capitalisation level week-on-week to decline to N12.4 trillion. Similarly, year-to-date loss settled at 11.1 per cent, while the …
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