Investors gain N233bn on NSE


By Chinyere Joel-Nwokeoma

Investors net worth appreciated by N233 billion on the Nigerian Stock Exchange (NSE) on Friday,  following gains achieved by some blue chips.

The News Agency of Nigeria (NAN) reports that the market capitalisation which opened trading at N12.902 trillion rose by N233 billion to close at N13.135 trillion.

Similarly, the All-Share Index increased by 446.36 points or 1.80 per cent to close at 25,204.75 against 24,758.39 achieved on Thursday.

An analysis of the price movement table indicated that Mobil led the gainers’ table, increasing by  N19.40 to close at N213.90 per share.

MTN Nigeria followed with N4 to close at N115, while BUA Cement garnered N3.40 to close at N39 per share.

Nigerian Breweries rose by N2 to close at N39.50 , while Conoil increased by N1.90 to close at N21per share.

On the other hand, Stanbic IBTC topped the laggards’ chart, shedding 30k to close at N32.55 per share.

Caverton trailed with a loss of 29k to close at N2.61, while…

Source: News Agency of Nigeria