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Sat, Feb

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The Nigerian Stock Exchange market capitalisation on Tuesday hit the N13tn mark, barely three weeks it crossed N12tn market, amid Nestle gain. The market capitalisation appreciated by N164bn or 1.27 per cent to close at N13.097tn against N12.933tn achieved on Monday, according to News Agency of Nigeria. Similarly, the All-Share Index improved by 474.12 points or 1.26 per cent to close at 37,999.50 compared with 37,525.38 points posted on Monday.

Nestle topped the gainers’ table with a gain of N94.93 to close at N1,154. 93, following investors reactions to its half year earnings released recently in the market. Nigerian Breweries followed with a gain of N9.05 to close at N190.05 and Guinness gained N7.38 to close at N79.38 per share.

 

7UP increased by N3.30 to close at N98, while Okomu Oil Palm appreciated by N2.72 to close at N72.72 per share. On the other hand, Presco posted the highest loss to lead the losers’ chart, dropping by N3.73 to close at N70.78 per share.

 

However, the volume of shares traded closed lower as investors bought and sold 218.22 million shares valued at N5.07bn exchanged in 5,336 deals.

 

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