Highly Capitalized Stocks Shoot Market Value Up by N55billion

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Big capitalized stocks of Dangote Cement, Nestle Nigeria, Seplat Petroleum Development Company and several others, on Thursday, February 25, drove market capitalization of equities listed on the Nigerian Stock Exchange, NSE, up by N55 billion.

Market capitalization had lost N186 billion between Monday and Wednesday this week before the N55 billion gained recorded yesterday.

Market breadth closed positive as Nestle Nigeria led 21 gainers against 19 losers topped by MRS Oil at the end of the trading session which was an improved performance when compared with previous outlook.

Market turnover closed positive as volume moved up by 0.79 per cent against 33.60 per cent uptick recorded in the previous session. FCMB Plc, Zenith Bank Plc and FBN Holdings Plc were the most active to boost market turnover. Zenith Bank Plc topped market value list.

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