Market Capitalization Gained Further Traction As Buy Interest Deepens on Lagos Custom Street


Trading activities on the Nigerian Stock Exchange (NSE) today (Wednesday) closed on a positive note, extending the current gaining streak to five consecutive sessions. Today’s performance which saw the Market Capitalization value gained N239.02 billion was jointly driven by price appreciation on Nestle and 40 others. Consequently, market breadth closed positively, recording 41 gainers as against 5 losers.

  • NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 457.31 absolute points, representing a growth of 1.58% to close at 29,437.60  points. Similarly, the Market Capitalization value gained N239.02 billion, representing a growth of 1.58% to close at N15.38 trillion.

NESTLE, emerged top of the gainers’ chart today, while ROYALEX emerged top of the losers’ chart.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; NESTLE (+10.00%), CUSTODIAN (+10.00%), NEM (+9.85%), INTBREW (+9.84%), FCMB (+9.81%), OANDO (+9.80%), ETERNA (+7.07%), FLOURMILL (+6.42%), TOTAL (+5.97%), and GUINESS (+3.85%).

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CAP N15,386,554,730,266.02 One Day (ASI CHG) +1.58%
Index 29,437.60 One Week (ASI CHG) +3.47%
Volume 375,249,909.00 One Month (ASI CHG) +13.28%
Value N4,634,120,008.94 Six Months (ASI CHG) +30.16%
Deals 5,947.00 52 Weeks (ASI CHG) +11.52%
Gainers 41 Losers 5
Unchanged 52 Total 101
    YTD +9.67%

Source: NSE, GTI Research



 The NASD OTC market performance indicators today (Friday) closed for the week on a negative note, as the Unlisted Securities Index (USI) shed -1.62% to close at 716.92 points compared to 728.74 points yesterday. Also, the Market Capitalization value lost N8.68 billion to close at N526.63 billion compared to N535.31 billion on Thursday.

However, the Volume and Value of trade today increased by 40.12% and 112.13% respectively, to settle at 219,000 points and N27.47 million compared to that of yesterday in 3 deals.

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