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NSE market capitalisation inches N245bn, as fixed income instrument yields decline

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The Nigerian Stock Exchange (NSE) on Thursday posted the biggest gain in over six months due to declining yields in fixed income securities.

Specifically, the market capitalisation inched N245 billion with six hours of trading to cross N13 trillion, closing at N13.067 trillion against N12.822 trillion on Wednesday.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Guinness Nigeria, Guaranty Trust Bank, Zenith Bank, Dangote Sugar Refinery and Access Bank. Caverton Offshore followed with a gain 9.76 per cent to close at N2.70, while Guinness appreciated by 9.70 per cent to close at N26 per share.

Champion Breweries followed with a decline of 9.09 per cent to close at 90k, while MTN Nigeria lost 0.12 per cent to close at N121.90 per share.

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