HomeBUSINESSDangote Cement equity gained N3.18 billion, as equity capitalization moved upward.

Dangote Cement equity gained N3.18 billion, as equity capitalization moved upward.

Obi Chibueze, Abuja.

December 22 ,2020.

Transactions on the floor of the Nigerian Stock Exchange witnessed a surge in market capitalization as the market spotted seven consecutive days of gaining streak.

The market capitalization rose from N19.58 trillion to N19.81 trillion, a N235.31 billion rise.

The Also Share Index also closed in the positive, rising from 37,443.60 points to 37,893.65 points, a 1.20% rise.

The volume of stocks that exchanged hands also rose from 427.1 million to 442.23 million. This was a 3.55% increase.

The value also closed blue, rising to N10.29 billion from N3.31 billion, a N6.1 billion increase.

On the activity chart, DANGOTE CEMENT was the pledge of investors, trading 12.73 share valued at N3.18 billion, in 475 deals.

 ZENITH BANK stood behind DANGOTE CEMENT. Its number of shares that exchanged hands were valued at N1.45 billion in 455 deals.

ETERNA PLC gained 10% on its share price to top the gainers side. This was an increase from N4.1 traded on Monday to N4.51 on Tuesday.

CHIPLC however was the top most loser among other 22 losers. Its share price dipped to 27 kobo from 30 kobo traded on Monday.

 

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