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Market Capitalisation Appreciates by N36b

By Modupe Gbadeyanka

Trading activities on the floor of the Nigerian Stock Exchange (NSE) finished in the positive territory on Thursday with the market breadth closing positive unlike the previous days.

Also, the equities market finished 0.24 percent higher, while the Year-to-Date (YtD) gain end at 10.50 percent.

Furthermore, the All-Share Index (ASI) rose today by 100.46 points to close at 42,258.78 points, while the market capitalisation appreciated by N36.1 billion to settle at N15.165 trillion.

However, the volume and value of equities transacted by investors depreciated today with a total of 342 million shares exchanging hands in 4,943 deals worth N3 billion in contrast to 570.3 million equities traded yesterday in 5,794 deals valued at N5.3 billion.

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Fidelity Bank got the most attention from investors on Thursday, exchanging a total of 62.9 million shares valued at N189.4 million.

It was followed by Skye Bank, which sold 56.3 million equities worth N58 million, and FBN Holings, which transacted 27 million units for N307.2 million.

FCMB traded 25.3 million shares worth N59.3 million, while UBA sold 24 million equities for N309 million.

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On the price movement chart, Total Plc was the biggest price gainer on Thursday, adding N10.40k to its share value to settle at N228 per share.

It was followed by Nestle, which gained N8 to close at N1378 per share, and Flour Mills, which appreciated by 45k to finish at N33 per share.

UBA garnered 40k to end at N13 per share, while FBN Holdings increased by 35k to settle at N11.50k per share.

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At the other side, Nigerian Breweries suffered the heaviest loss after going down by N1.60k to finish at N122.90k per share.

It was trailed by Dangote Sugar, which fell by 60k to close at N21.35k per share, and CAP Plc, which declined by 25k to end at N35 per share.

Forte Oil depreciated by 20k to settle at N44.80k per share, while Fidson went down by 15k to finish at N4.55k per share.

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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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