Market Capitalization Increase by N5billion

Activities on the Nigerian Stock Exchange
continued on a positive note on the last
trading day of the week.

At the close of trading, the NSE's All-Share
Index rose by 0.04 per cent or 13.39 basis
points from 36,563.89 points to 36,577.28
points.
Similarly, the market capitalisation of the
listed equities increased by 0.04 per cent
or N5bn to N11.583tn up from N11.579tn
recorded the preceding day.

The NSE-30 Index and Consumer Goods
Index rose by 0.3 per cent and 0.6 per cent
to close at 1,714.54 points and 1,029.60
points respectively.

However, the NSE Banking Index recorded
marginal loss, as it closed lower at 400.03
basis points, down from 400.29 points
recorded on Thursday.
Flour Mills of Nigeria Plc recorded the
highest price appreciation of the day,
rising by 9.9 per cent or N7.61 to close at
N83.90 per share.

Academy Press Plc gained 9.7 per cent or
17 kobo to close at N1.91 per share.
Nigerian Aviation Handling Company Plc
and Jos International Breweries Plc rose by
9.5 per cent each, to close at N6.74 and
N1.83 per share respectively.
Vono Plc and Eterna Plc also gained 9.4 per
cent and 9.1 per cent to close at 81 kobo
and N2.75 per share respectively.

Neimeth International Pharmaceutical
Company Plc, on the other hand, lost the
highest price for the day, shedding 10 per
cent or 14 kobo to close at N1.26 per share.

IPWA Plc also lost 9.41 per cent or eight
kobo to close at 77 kobo per share.
Air Services and Logistics Plc and DN Meyer
Plc lost 9.3 per cent and 9.1 per cent to
close at N3.88 and N1.30 per share, while
Thomas Wyatt Nigeria Plc and Trans
Nationwide Express Plc lost 7.9 per cent
and 7.4 per cent to close at 81 kobo and
N1.00 per share in that order.

The financial services sector maintained its
lead on the activity chart, accounting for
60 per cent of total volume traded.
In the sub-sector, 147.08 million shares,
worth N1.222bn were exchanged by
investors in 2,575 deals.

Turnover in the sub-sector was largely
driven by trading in the shares of Aiico
Insurance Plc, United Bank for Africa Plc
and FBN Holdings Plc.

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