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NSE: Market capitalisation sustains upward trend

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The nation’s bourse on Thursday sustained upward trend for the third consecutive trading session with the market capitalisation improving by N46 billion.

News Agency of Nigeria reports that the market capitalisation which opened at N12.923 trillion inched N46 billion or 0.36 per cent to close at N12.969 trillion.

Capital market analysts were of the view that the equities market would sustain gains in the near term although sentiment still remains weak Ikeja Hotels garnered 9.62 per cent to close at N1.14, while FCMB Group appreciated by 7.39 per cent to close at N2.18 per share. Unilever dipped 5.68 per cent to close at N17.45, while Unity Bank for Africa shed 1.94 per cent to close at N7.60 per share.

This was against a turnover of 267.31 million shares valued at N3.05 billion achieved in 4,074 deals on Wednesday.

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