The Nigerian Stock Exchange recorded a total gain of N2.334 trillion on equities at the close of trading activities in October.
The Nigerian Stock Exchange recorded a total gain of N2.334 trillion on equities at the close of trading activities in October, showing the improvement of some key market indicators on the upturn.
The market value of the 214 listed equities, which opened the month at N5.648 trillion, closed on the last trading day in October at N7.982 trillion, reflecting a N2.334 trillion gains, or a 41.32 percent increase. Also, the NSE All-Share Index, which opened at 23,050.59 basis points, closed the month at 25,042.16, an increase of 1,991.57 units or 8.64 percent, as against the decline of 1,217.65 points or 5.1 percent recorded in September.
The Exchange’s strategy and business development department said the increase in market capitalisation in October can be attributed largely to the listing of Dangote Cement in the Building Materials subsector.
“Other factors included the listing of Kaduna State Bond and the increase in equity prices,” it said.
No comments:
Post a Comment