Transactions on the trading floor of the Nigerian Stock Exchange(NSE) continued in an upbeat, occasioned by price gains by major blue chip companies, just as market capitalisatison rose by N23billion.
Particularly, at the close of transactions yesterday, the All-share Index increased by 98.09 basis points or 0.4 per cent from 20,376.26 to 20,278.16, while market capitalisation rose by N23billion or 0.3 from N6, 433trillion to N6, 456 trillion.
On the price movement chart, Flourmill topped the gainers chart with 3.00 per cent to close at N63.00 per share followed by Cadbury with 0.60 per cent to close at N14.59 per share.
Guaranty Trust Bank added 0.40 per cent to close at N14.59 per share while Nigerian Breweries and NCR gained 0.38 and 0.31 per cent to close at N90.59 and N6.64 per share respectively.
Roads, West African Portland Company, Vitafoam garnered 0.29, 0.25, 0.20 per cent to close at N6.20,N39.25 and N5.95 per share.
However, Nigerian Aviation Handling Company led others on the losers chart with 0.29 per cent to close at N5.71 per share, followed by Eco Bank? with 0.11 per cent to close at N2.09 per share.
Continental Re-insurance, Dangote flourmills, Eternaoil shed 0.05 per cent to close at N1.00, N6.00 and N4.93 per share respectively.
Unity Bank lost 0.03 per cent to close at N0.57 per share, while UACN and Sterling Bank dropped 0.03 per cent to close at N30.00 and N1.39 per share respectively.
The banking subsector remains the most active stock in volume terms with 213.7million shares worth N1.8million, while the insurance subsector followed with 262million worth N70.9million 38.7deals.
The information| communication technology ranked third with 7.7million units worth N3million in three deals.
Zenith Bank buoyed transactions in the banking subsector with 92million shares worth N1.1billion in 406 deals.
In all, investors exchanged 318.9million shares worth N2.4billion.