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Capitalisation rises by N131 billion amid gains in 29 stocks

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The Nigerian equities market sustained rising profile, yesterday, as market capitalisation increased by N131 billion amid price appreciation

in Guinness Nigeria Plc and 28 other stocks.

As measured by market breadth, market sentiment was positive, as 29 stocks gained relative to 19 losers. Reacting on market performance, analysts at SCM Capital said :The new trading quarter is expected to start strong but with mixed investor sentiment, focusing on upcoming earnings reports and interim dividends, especially in the banking sector.

UPDC Real Estate Investment Trust went up by nine per cent to close at N5.45 kobo while Caverton Offshore Support Group appreciated by 6.92 per cent to close at N1.39 kobo.

 

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