Market capitalisation sustains rebound with N218 billion gain | The Guardian Nigeria News - Nigeria and World News

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The Nigerian Exchange Limited (NGX) sustained a rising profile at the end of yesterday, as bargain hunting in the shares of 20 blue-chip companies lifted market capitalisation further by N218 billion.

Specifically, the All-Share Index grew by 416.24 absolute points, representing an increase of 0.99 per cent to close at 42,435.16 points. While market capitalisation gained N218 billion to close at N22.143 trillion.

On the price movement chart, LivingTrust Mortgage Bank recorded the highest price gain of 9.09 per cent to close at 96 kobo while Meyer Plc followed with a gain of 7.69 per cent to close at 28 kobo. AXA Mansard Insurance appreciated by 7.25 per cent to close at N2.22 kobo. On the other hand, Cutix led the losers’ chart by 9.69 per cent, to close at N2.61 kobo while Royal Exchange followed with a decline of 8.06 per cent to close at 57 kobo. Mutual Benefits Assurance declined by 7.69 per cent to close at 24 kobo.

First City Monument Bank declined by 1.02 per cent to close at N2.90 kobo. FBN Holdings also shed 87 per cent to close at N11.40 kobo.

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