GSK, Stanbic IBTC, Zenith Bank, others lift NSE’s market capitalization by N43b

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The Nigerian Stock Exchange (NSE) on Monday resumed trading activities on a positive note as market capitalization rose by N43billion or 0.34 per cent.

  At the end of the day’s trading, 0.33 per cent growth in the All-Share Index saw  healthcare provider, Glaxosmithkline (GSK) leading the gainers’ pack by appreciating by N1.05 to close at N22.05 per share.

GSK was closely followed by Stanbic IBTC which gained of N1 to close at N43, while Zenith Bank garnered 80k to close at N26.30 per share.

 Also, NASCON appreciated by 65k to close at N13.85, while Presco added 50k to close at N67.50 per share.

  On the losers’ table  is  Nigerian Breweries, which dropped N2 to close at N163 per share while Vitafoam trailed with a loss of 12k to close at N2.64, leaving  Custodian and Allied Insurance declined by 10k to close at N3.50 per share.

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Also, Medview Air was down by 7k to close at N1.52, while Continental Reinsurance depreciated by 6k to close at N1.38 per share.

Transitional Corporation of Nigeria emerged the most traded equity, trading 30.99 million shares valued at N48.07 million.

 United Bank for Africa followed with 25.47 million shares worth N236.18 million, while Guaranty Trust Bank traded 23.31 million shares valued at N981.38 million.

FCMB Group sold 15.59 million shares worth N16.15 million, while FBN Holdings traded 13.25 million shares worth N80.74 million.

 At the end of the day, compared to Friday, the volume of shares traded closed higher with 214.96 million shares valued at N2.73 billion transacted in 4,262 deals.
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