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Equities Market Swings Positive As Market Cap Grabs N30.8bn

mudeerat olawunmi by mudeerat olawunmi
October 11, 2016
in Uncategorized
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  • The Nigerian bourse rebounded Monday when the overall performance measures, the All Share Index and Market Capitalization appreciated by 0.32 per cent each.
  • The All Share Index appreciated by 89.78 basis points or 0.32 per cent to close at 27,925.00 points as against 27,835.22 points recorded on Friday, while Market capitalization closed at N9.591 trillion after it gained N30.837 billion as against N9.560 trillion recorded the previous trading day.
  • Nigerian Breweries led the gainers’ table when it added 221 kobo to close at N148.01 per share, followed by Lafarge Cement WAPCO appreciated by 180 kobo to close at N49.00 per share, Guaranty Trust Bank grabbed 45 kobo to close at N23.90 per share, Zenith Bank gained 32 kobo to close at N14.55 per share, while Union Bank Nigeria increased by 24 kobo to close at N5.04 per share, among others.
  • Breweries’ major, Guinness Nigeria, led the decliners’ table with a loss of 862 kobo to close at N79.83 per share, followed by petroleum marketer, Mobil Nigeria, which shed 672 kobo to close at N185.00 per share, GlaxoSmithKline Consumer dropped 60 kobo to close at N18.40 per share, Cement Company of Northern depreciated by 30 kobo to close at N5.70 per share, while Forte Oil went down by 21 kobo to close at N159.69 per share, among others.
  • Zenith Bank emerged the most traded equity on Monday with an exchange of 27.817 million shares worth N402.178 million. It was trailed by Guaranty Trust Bank having accounted for 27.766 million shares valued at N662.450 million, while First City Monument Bank sold 16.732 million shares worth N19.496 million; United Capital exchanged 14.741 million shares valued at N37.175 million while FBN Holdings traded 14.487 million shares worth N45.063 million.
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Tags: All Share IndexManufacturingNews ReviewNigerian stock marketNigerian StocksZenith Bank News
mudeerat olawunmi

mudeerat olawunmi

Mudeerat Olawunmi is a graduate of Business Administration with over 5 years experience in online data gathering and analysis. Wunmi is a data analysts at Nairametrics and helps ensure that our readers get some of the most important macro and micro economic data required to help make investing decisions.

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