By Dipo Olowookere
The market capitalisation of companies listed on the Nigerian Stock Exchange (NSE) closed above N11 trillion on Thursday after appreciating by N58 billion.
The total value of the listed equities had slipped to the N10 trillion region this Monday, but the 0.53 percent further gained by the local bourse pushed it up above N11 trillion yesterday.
At the close of business, the market cap closed at N11.023 trillion in contrast to N10.965 trillion of the previous session.
In the same vein, the All-Share Index (ASI) increased on Thursday by 154.20 points to settle at 29,347.62 points from 29,193.42 points of the previous day.
GTBank was the day’s biggest price gainer yesterday, appreciating by 70 kobo to settle at N34.25k per unit.
Lafarge Africa rose by 45 kobo to finish at N12 per share, while FBN Holdings also appreciated by 45 kobo to close at N7.80k per share.
GlaxoSmithKline gained 40 kobo during the day to end at N8.95k per share, while Stanbic IBTC increased its share value by 20 kobo to quote at N46 per unit.
At the opposite end, Flour Mills topped the losers’ chart after losing 40 kobo of its share value to close at N16.60k per unit.
Eterna depreciated by 35 kobo to end at N4 per share, while Ikeja Hotels dropped 20 kobo to finish at N1.85k per share.
Zenith Bank declined by 15 kobo to close at N20.45k per unit, while ABC Transport fell by 4 kobo to settle at 44 kobo per unit.
Business Post reports that despite the gains recorded by the market on Thursday, April 11, 2019, the volume of shares traded decreased by 53.49 percent to 224 million from 481.6 million.
Also, the value of transactions on the NSE depreciated by 30.04 percent to N2 billion from N2.9 billion.
Zenith Bank emerged the most actively traded stock yesterday, trading 45.4 million shares worth N927.8 million.
LASACO Insurance exchanged 42.3 million equities valued at N12.7 million, while Access Bank transacted 21.7 million equities valued at N129.3 million.
FBN Holdings exchanged 17.7 million shares worth N131.4 million, while Fidelity Bank traded 13 million shares for N25.3 million.
The blockchain brings new financing options to the business market. For example, Bitcoin Cash casino has adapted to only using cryptocurrency. This way, it makes it easier for their customers to deposit and withdraw in a BCH casino. Entrepreneurs have taken note of this and are looking to invest more in crypto than in fiat markets.
Like Our Facebook Page
Latest News on Business Post
- Stock Investors Manage N2bn Gain as Results Dampen Spirits April 23, 2021
- Brent Climbs as Libyan Production Dips April 23, 2021
- Onne Customs Raises Revenue 69.4% to N38.9 billion in Q1 2021 April 22, 2021
- YouTube Launches Inaugural Africa Reading Challenge April 22, 2021
- Audiomack, MTN Develop Data Bundle for Music Streaming April 22, 2021
- FCTA to Reward High Impact Entrepreneurs April 22, 2021
- CSCS Assures Shareholders Sustainable Value, to Pay N1.17 Dividend April 22, 2021
- Fitbit Unveils Device to Track Users’ Fitness, Wellness April 22, 2021
- UK Expresses Willingness to Attract More Investments to Nigeria April 22, 2021
- How to Invest in Stocks in Nigeria: Guide for Beginners April 22, 2021
Economy5 years ago
Kwara Disburses N1.7b For Projects
Technology4 months ago
How To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN
Economy3 years ago
FAAC: FG, States, LGs Share N655.18b in January
Feature/OPED1 year ago
Davos was Different this year
Feature/OPED1 month ago
COVID and the Growth of Technology in Nigeria
Economy1 month ago
MBA Forex Blames CBN for Inability to Return Investors’ Funds
General2 years ago
Ikeja Electric Explains How to Get Prepaid Metres via MAP
Banking3 years ago
Sort Codes of GTBank Branches in Nigeria