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Nigerian Stock Exchange Market Capitalisation Records Marginal Increase

The market capitalisation went up by N5 billion on the Nigerian Stock Exchange on Monday to close at N9.708 trillion against N9.703 trillion achieved on Friday.

Total Oil recorded the highest price gain to lead the gainers’ table, growing by N4.25 to close at N299.25 per share. Nigerian Breweries came second with a gain of N1.48 to close at N145, while FlourMill appreciated by N1 to close at N21.04 per share.

Cadbury increased by 78k to close at N16.53 and Dangote Cement rose by 47k to close at N182.5 per share. On the other hand, 7UP topped the losers’ chart, depreciating by N5.45 to close at N144.55 per share. ConOil trailed with a loss of N3.5 to close at N39 and Betaglass decreased by N3.39 to close at N31.51 per share. Forte Oil dipped N2.11 to close at N161 and Oando Oil dropped 29k to close at N5.59 per share.

In all, the volume of shares traded decreased as 249.77 million shares valued at N1.96 billion were transacted in 3,170 deals. This was in contrast with 265.07 million shares worth N1.56 billion traded in 3,136 deals on Friday.

Fidelity Bank drove the turnover volume, accounting for 52.01 million shares valued at N46.81 billion. It was followed by Diamond Bank with a total of 28.33 million worth N33.99 million, and Access Bank sold 28.23 million shares valued at N156.71 million. FCMB transacted 28.17 million shares worth N28.94 million, while UBA exchanged 15.29 million shares valued at N64.99 million.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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