NSE Market Capitalisation Hits N20trn

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By OLUSHOLA BELLO, Lagos Trading activities on the Nigerian Stock Exchange (NSE) yesterday closed positively for the eight successive sessions, as price

Trading activities on the Nigerian Stock Exchange yesterday closed positively for the eight successive sessions, as price appreciation on Airtel Africa and 25 others pushed market capitalisation above the N20 trillion mark.

The uptrend was also driven by price appreciation in medium and large capitalised stocks amongst which are; Airtel Africa, BUA Cement, Nigerian breweries, BOC Gases Nigeria and Vitafoam Nigeria. Eterna went up by 9.98 per cent, to close at N4.96, while BOC Gases Nigeria appreciated by 9.85 per cent to close at N8.70, per share. On the other hand, FCMB Group led the losers’ chart by 3.97 per cent, to close at N2.90, per share. PZ Cussons Nigeria followed with a decline of 3.64 per cent, to close at N5.30, while Lasaco Assurance shed 3.13 per cent to close at 31 kobo, per share.

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