Stock Market Capitalization Swells By N130billion

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Equities trading on the Nigerian Bourse maintained an upward trajectory on Monday, May 16, as market indices closed in the Green.

The stock market capitalization improved by N130 billion following price appreciation by some highly capitalized stocks.

According to the News Agency of Nigeria, the market capitalization which opened at N9.098 trillion jumped by N130 billion or 1.43 per cent to close at N9.228 trillion.

In all, a total of 320.99 million shares worth N2.11 billion was traded by investors in 4,524 deals, compared with 567.59 million shares valued at N3.58 billion which exchanged hands in 5,523 deals on Friday.

 

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