Market capitalisation close to N13tn mark

The equities segment of the Nigerian Stock Exchange closed positive on Monday; it was boosted by price appreciation in 42 stocks.

The session, the second after the Christmas break, saw the market capitalisation of the listed equities rise by 0.59 per cent or N77bn to close at N12.952tn – N48bn short of the N13tn mark.

Similarly, the NSE All-Share Index appreciated by 0.59 per cent or 240.45 basis points to close at 40,472.13; continuing its impressive run in 2013. Year-to-date return currently stands at 44.14 per cent with one trading session left before the New Year.

The sectoral indices also showed positive performances on Monday.

The NSE 30 Index was up, rising by 14.65 basis points or 0.79 per cent to close at 1,863.11 points.

Sustaining the trend, the NSE Banking Index rose by 2.23 per cent or 9.44 basis points to close at 431.55 points.

Also, the NSE Insurance Index and NSE Oil and Gas Index appreciated by 1.32 per cent and 3.50 per cent to close at 151.88 basis points and 336.80 basis points, respectively.

The NSE Lotus Islamic Index rose marginally by 2.33 basis points or 0.08 per cent to close at 2,826.62 points.

However, the NSE Consumer Goods Index fell by 0.12 per cent or 1.37 basis points to close at 1,085.21 points.

The NSE Industrial Index and NSE ASeM Index, for their part, closed flat at 2,501.19 basis points and 962.31 points, respectively.

While 42 stocks recorded price appreciation on Monday, 14 others recorded price depreciation.

Oando Plc led the gainers, rising by 10.17 per cent or N2.03 to close at N22 per share; followed by UBA Capital Plc with a price appreciation of 17 kobo or 9.88 per cent to close at N1.89 per share.

On the flip side, Union Dicon Salt Plc led the losers. It shed five per cent or 55 kobo to close at N10.45 per share.

DN Meyer Plc and First City Monument Bank Plc fell by 4.73 per cent and 4.46 per cent to close at N1.41 and N3.64 per share, respectively, while International Energy Insurance Company Plc shed 3.57 per cent or two kobo to close at 54 kobo per share.

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