Market Capitalisation Hits N10tr

Market Capitalisation Hits N10tr

Festus Okoromadu

At the close of trading today on the Nigerian Stock Exchange (NSE), market capitalization rose to N10.05 trillion having added N147.90 billion. The value was N9.91 trillion at the close of transactions the preceding day when value increased by N45.19 billion.

The number of gainers rose to 38 as against 36 recorded during the previous trading session while the number of losers also dropped to 23 compared with 28 in the last trading session.

At the close of trading four out of the five NSE sector indices closed on a positive note with the NSE 30 which measures the performance of blue-chip stocks appreciating by 1.65 per cent. The NSE Oil & Gas index declined by 1.84 per cent, but the NSE Banking index closed on a positive note by 1.12 per cent while the NSE Food & Beverages rose by 1.65 per cent just as the NSE Insurance Index added 0.28 per cent.

Meanwhile index appreciated by over 400 basis points to soar above a four year high of 31,357.24 points recorded on January 2, 20