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NSE: Market capitalisation adds N10.766bn despite declining sales volume

In spite of the downtrend in market activities spurred by the need for investors to trade remotely in the wake of the coronavirus crisis, the Nigerian equity market gained N10.766 billion Thursday, partly driven by value investing in the shares of Dangote Cement.

However, a negative market breadth was recorded as 19 losers emerged against 7 gainers.

The All Share Index (ASI) inched up by 0.10% to 21,121.20 basis points. Similarly, market capitalisation appreciated, rising to N11.007 trillion at the end of today’s trade.

Year to date, the index is down by 21.31%.


Dangote Cement led the flock of gainers today, appreciating by 9.93% to close at N128.40. Livestock added up 9.38% to end today’s trade at N0.70. GSK went up by 9.09% to N4.80. Flour Mills rose to N20.20, notching up 5.48% in the process. Union Diagnostic completed the top 5, climbing by 4% to N0.26.


Nigerian Breweries was the worst performing stock today, declining by 9.27% to close at N22.50. Honeywell Flour shed 8.16% to close at N0.90. International Breweries fell to N5, losing 6.54%. MTNN dipped to N92.80, recording 5.69% depreciation. FBN Holdings closed at N3.70, going down by 5.13%.

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255.592 million shares estimated at N2.865 billion were traded today in 2,690 deals.

Zenith was the most active stock today with 100.831 million units of its stocks worth N1.112 billion traded in 1,211 deals. 34.183 million units of GTB shares priced at N595.984 million exchanged hands in 428 transactions. FBN Holdings traded 28.960 million shares estimated at N109.244 million in 485 transactions. Transcorp traded 13.427 million shares valued at N8.094 million in 85 deals. UBA had 13.384 million shares valued at N65.632 million traded in 230 deals.

Ronald Adamolekun

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About the author

Ronald Adamolekun

Ronald Adamolekun is a creative writer with a mixed bag of experience in fields as diverse as data journalism, financial reporting and editing.

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