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Stock market ends 2019 with N362bn gain

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The nation’s stock market ended the year with a N362bn gain as the last three trading days of the year saw positive performances.

The market capitalisation of equities listed on the NSE increased from N12.595tn on Tuesday last week to NN12.753tn on Friday.

Consequently, the year-to-date return moderated to -14.6 per cent while market capitalisation increased by N112.4bn. In line with market performance, sector performance was broadly positive as all sectors recorded gains, save the consumer goods index, which closed negative, down 0.3 per cent on the back of losses in Nigerian Breweries Plc and Dangote Sugar Refinery Plc.

The banking index closed higher by 1.4 per cent buoyed by price appreciation in Guaranty Trust Bank Plc, Access Bank and Zenith Bank while the AFR-ICT index closed flat.

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Of Which dangote got half of the stocks.

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