NSE: Bulls return as market cap increases by N12bn

By Amaka Ifeakandu
Lagos

Transactions on the floor of the Nigerian Stock Exchange yesterday took upward trend, growing by N12 billion. Specifically, the market capitalisation went up by 0.12 kobo to close at N9.974 trillion from N9.962 trillion recorded the previous day. The NSE All Share Index increased by 33.66 basis points to 29014.78 points from 28981.12 points traded the previous day.
An analysis of the investment showed that Forte Oil led gainers table growing by N5.98 kobo to close at N287.98 kobo, Nigerian Breweries followed with a gain of N3.49 kobo to close at N133.00, Flour Mills Nigeria Plc gained N0.95 kobo to close at N21.85 kobo, Zenith International Bank Plc improved by N0.21 kobo to close at N17.20 kobo and Access Bank grew by N0.18 kobo to close at N4.68 kobo.

On the contrary, Nestle Nigeria Plc topped losers chart, dropping by N5.99 kobo to close at N817.50 kobo, UAC of Nigeria trailed with a loss of N1.19 kobo to close at N27.91 kobo, Cadbury Nigeria plc  fell by N1.00 to close at N19.10 kobo, Oando Plc declined by N0.82 kobo to close at N7.66 kobo and International Breweries shed N0.74 kobo to close aat N15.26 kobo.
Further analysis showed that Access Bank Plc recorded the highest activities, exchanging 95.624 million shares worth N445.497 million, Axamansard traded 20.775 million shares valued at N55.898 million, Transnational Corporation of Nigeria sold 13.282 million shares cost N25.949 million.
FBN Holdings traded 11.226 million shares worth N56.364 million and Multiverse sold 7.875 million shares valued at N3.937 million.