PM News Nigeria

Volume declines, but market cap rises  print

Published on December 14, 2012 by   ·   No Comments

Turnover of shares traded on the Nigerian Stock Exchange dropped by 235.6 million shares on Friday as investors exchanged 228.6 million shares worth N2.1 billion in 4,193 deals.

This was against the 464.23 million shares valued at N3.7 billion traded in 4,879 deals on Thursday.

The All-Share Index, however, appreciated by 22.03 points or 0.08 per cent to close at 27,685.54 from the 27,663.51 recorded on Thursday.

Similarly, the market capitalisation, which opened at N8.839 trillion, rose by N7 billion or 0.08 per cent to close at N8.846 trillion.

Guinness topped the price gainers’ chart with a gain of N5 to close at N265 per share.

Nigerian Breweries trailed with N3 to close at N165 per share, while Oando gained 66k to close at N14.03 per share.

Zenith Bank appreciated by 41k to close at N17.97per share, while Cadbury grew by 24k to close at N29 per share.

On the other hand, FG9B201752 led the losers’ chart with a loss of N24.45 to close at N84.25 per share.

Nestle followed with a loss of N5 to close at N710, while PZ Cussons shed N1.95 to close at N27.05 per share.

Posted by on December 14, 2012, 11:07 pm. Filed under Business, Business News, Stock Markets. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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