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Home | Economic Watch | Market Outlook | Capitalisation reflects equities rising profile N4 Billion

Capitalisation reflects equities rising profile N4 Billion

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Specifically, the market capitalisation closed trading at N10.587 trillion as against an opening value of N10.583 trillion.
Similarly, the all-share index also inched up by 20.98 points or 0.04 per cent to close at 58,187.48 points basis from the opening figure of 58,166.50 points.
The price movement chart showed the petroleum stocks regaining previous losses as Chevron with a capital appreciation of N12.17 to close at N255.57. African Petroleum which followed garnered N10.00 to close at N270.00 per share. Chemical and Allied Paints (CAP) closed the day at N61.90 after appreciating N2.90 per share. Cappa D’Alberto and Bank PHB were the last on list of top five gainers with N2.50 and N1.47 in that order to close at N60.00 and N30.98 respectively.
Total led on the down side, dropping N9.00 to close at N180.00 per share. It was followed by Oando which lost N6.02 to close at N120.61. Julius Berger dipped by N4.72 to close at N89.73. NBC lost N2.05 to close at N54.25, while Guinness and UACN went down by N2.00 each to close at N128.00 and N48.50 in that order.
The insurance sub-sector propelled by shares sold in Equity Assurance, NEM insurance and Lasaco Assurance emerged the most traded with 344.8 million shares valued at N1.6 billion done in 4,071 deals. Lasaco is believed to have good earnings per share (EPS), strong fundamentals as well as strong patronage from the Lagos State Government.
The banking sub-sector closed as the second most traded, recording 203 million shares worth N5.4 billion exchanged in 6,718 deals. The conglomerates sub-sector placed third with traded volume of 30.3 million shares valued at N143.5 million, done in 657 deals. Industrial/Domestic Products led by activity in the shares of Vitafoam plc placed fourth accounting for 24.9 million shares valued at N216.7 million done in 218 deals.



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