Stock market capitalization hits all-time high of N15.3 trillion


THE value of Nigerian equities increased by N436 billion today as the market capitalization hit all-time high of N15.3 trillion.
Market has proved unrelenting in its upward trend as NSE All Share Index also increased to a record shattering high of 43,041.54 points today, representing 2.93 percent daily change.
The sector performance indices have not yet mar previous stances as all indices closed northward with banking sector taking the lead with a 4.38 percent change, trailed by the industrial sector with 3.27 percent while NSE Alternative Securities Market (ASEM) remained flat.
The consumer goods sector was represented by Honeywell Flour Mills on the equities’ gainers chart as the flour milling company’s previous close of N2.91 kobo per share jacked up to N3.20 kobo per share by the trading day’s closing bell to posit the stock at the top of the chart with a 9.97 percent change. In contrast, UPL, Meyer, Learn Africa, NEM Insurance and Berger Paints topped the equities losers chart in order of appearance.
Market activities repeated previous trading session stance as volume traded inched up by 6.75 percent to close at 1.16 billion shares from previous close of 1.08 billion shares and value followed suit with a close of N17.37 billion as against N13.29 billion traded yesterday, representing an increase of 30.67 percent.