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MTN Nigeria lifts NSE market indices further by 0.38 per cent

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The market capitalisation rose by N50 billion or 0.38 per cent to close at N13.165 trillion against N13.115 trillion achieved on Wednesday.

Transactions maintained an upward trend on Thursday with the market indicators appreciating further by 0.38 per cent, amidSpecifically, the All- Share Index rose by 95.49 points or 0.38 per cent to close at 25,236.97 compared with 25,141.48 posted on Wednesday.

Capital market watchers attributed the renewed positive trend of the market to rising crude oil price at the international market and hope for interim dividend. Prestige Assurance went up by 8.16 per cent to close at 53k, while Nigerian Breweries appreciated by 5.88 per cent to close at N36 per share.

Unity Bank shed 8.47 per cent to close at 54k, while Neimeth International depreciated by five per cent to close at N1.90 per share.Transcorp topped the activity chart with 105.499 million shares valued at N429.954 million.

 

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Interim Dividend: NSE Market Capitalisation Rebounds By N135bnThe Nigerian Stock Exchange (NSE) on Wednesday posted first week gain with the market capitalisation rebounding by N135 billion, amid renewed investor interest. Specifically, the market capitalisation inched higher by N135 billion or 1.04 per cent to close at N13.115 trillion against N12.980 trillion on Tuesday. In the same vein, the All-Share Index (ASI) increased
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