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NSE: Market Cap Gains N22.5b As Index Adds 65.38 Points

By Modupe Gbadeyanka

Trading activities on the floor of the Nigerian Stock Exchange (NSE) ended on a positive note on Thursday like the previous day with the major market indices finishing green.

The market capitalisation grew by N22.5 billion to close at N8.856 trillion, while the all-share index improved by 65.38 points or 0.25 percent to end at 25,739.18 points.

Investors at the stock market today staked N1.3 billion on 166 million shares, which were executed in 2,485 deals.

Business Post correspondent reports that 19 equities appreciated in price on Thursday, while 20 equities depreciated in price and eight equities remained.

A look at the activity chart measured by volume shows Diamond Bank leading with a total of 80.3 million shares sold at N64.3 million and executed in 149 deals, while International Breweries trailed with a total of N16.5 million units traded in 2 deals worth N297.2 million.

Forte Oil led the top five price gainers on Thursday with a gain of N8.95k to close at N96.37k per share, while Dangote Cement appreciated by N1.84k to end at N160 per share.

Similarly, UACN rose by 40k to finish at N16.50k per share, Zenith Bank added 25k to end at N14.50k per share and Flour Mill leaped by 19k to close at N18.49k per share.

On the contrary, Total led the top five price decliners with a loss of N27.56k to finish at N276.5k per share, Mobil fell by N16.16k to end at N307.15k per share, Unilever sank by N2 to close at N46 per share, International Breweries declined by 95k to end at N18.5k per share, while Guinness depreciated by 84k to finish at N77.90k per share.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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