Nigeria’s stock market cap hits N9trillion

Nigeria’s Stock Exchange continued its upward trend in the first day of 2013, just like it ended 2012.

The market capitalisation appreciated by N135 billion, crossing the N9trillion threshold to close at N9.109 trillion.

A total of 175.98 million shares worth N1.9 billion were traded in 2,802 deals.

This was against the 215.58 million shares valued at N1.7 billion traded in 2,714 deals on Monday.

The All-Share Index also rose by 422.41 points or 1.5 per cent to close at 28,501.21 in contrast to the 28,078.80 posted on Monday.

NewGold led the price gainers’ chart with a gain of N2 to close at N2, 534 per unit. GTBank appreciated by N1.60 to close at N24.60 per share, while Presco gained N1.50 to close at N18.50 per share FBN Holdings appreciated by N1.38 to close at N17.10 per share, while Nigerian Breweries rose by N1 to close at N148 per share.

Conversely, Lafarge Wapco led the price losers’ pack with a loss of N1.03 to close at N57.50 per share. Portpaint lost 21k to close at N4.15 per share, while Morison and JOHNHOLT dropped 17k each to close at N3.30 and N3.23 per share respectively. Zenith Bank dipped by 9k to close at N19.40 per share.

Please click here for the full list of gainers and losers:GAINERS and Losers FOR 2ND JANUARY 2013