Market Capitalisation Gains N200.93bn In One Week

The market capitalization of the of Nigerian Stock Exchange (NSE) recorded an aggregate gain of N209.93 billion during the week ended January 25, 2013 to close the week at N10.10 trillion. Trading in the equities market was however more buoyant the preceding week as aggregate market value  appreciated by N553.23 billion  to close at N9.89 trillion.

Total volume of equities traded during the week stood at 2.61 billion units valued at N19.51 billion as against 3.25 billion units valued at N21.63 billion exchanged in 27,186 deals the previous week. The volume of equities traded during the week when compared to last week’s figures shows a depreciation of 19.85 per cent; this is against an upward movement recorded in the previous week when volume rose by 50.91 per cent.

The AII-Share Index (ASI) during the week closed at 31,583.49 basis points which imply an increase of 2.12 per cent when compared with the previous week which rose by 5.91 per cent to 30,927.18 basis points.

A total of 50 equities recorded gains during the week compared with 67 in the preceding week. Topping the gainers chart in terms of percentage gain is Unity Bank Plc which appreciated by 38.46 per cent to N0.72 from N0.52 where it started the week.

On the losers chart, UPL Plc dropped a total of 10.31 per cent from its share price to close the week at N4.35 as against N4.85 opening price in the review week. A total of 29 stocks had their prices slashed during the week compared with only nine stocks the previous week.