NSE: Dangote Cement Boosts Market Capitalisation by N189b

By Modupe Gbadeyanka

Equity value of the Nigerian Stock Exchange (NSE) on Tuesday improved by N189 billion at the close of trading activities due to the gain recorded in the share of Dangote Cement Plc, a day after it led the stock market to a loss of N149 billion.

The company gained N7.35k today to lead the gainers’ chart, closing at N156.61k per share, while Nigerian Breweries followed after progressing by N3.10k to finish at N133.15k per share.

Guinness rose by N3.5k to end at N64.40k per share, Total Plc advanced by N1 to close at N284 per share, while GTBank improved by 95k to finish at N25.95k per share.

Business Post reports that the market closed positive as volume of equities traded on the floor of the NSE appreciated by 87 million units.

At the end trading, investors exchanged a total of 215.4 million shares in 3,692 deals valued at N2.6 billion, compared with 128.2 million transacted the previous day in 2,978 deals worth N1.5 billion.

It was observed that the total number of gainers and losers today at the stock market closed equally at 17, with Okomo Oil leading the losers after dropping N1 to finish at N47 per share.

African Prudential Registrars lost 12k to close at N2.28k per share and NAHCO fell by 8k to finish at N2.30k per share.

United Capital depreciated by 6k to end at N2.66k per share and UAC-Prop went down by 6k to close at N1.79k per share.

However, it was a sweet ending for the All-Share Index today, which rose by 547.28 points or 2.23 percent to finish at 24,581.99 points, while the market capitalisation advanced by N189 billion to close at N8.51 trillion.

Access Bank, Zenith Bank, UBA, First Bank and United Capital were toast of investors at the stock market on Tuesday as they respectively traded the share volume of N43.8 million, 42.7 million, 19 million, 18.2 million and 13.4 million at the value of N272.3 million, N625.9 million, N95.1 million, N55.2 million and N36.8 million.