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NSE: Transactions remain upbeat, market indicators up by 1.82%

 

Equity transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on positive note for the second consecutive day.

The  All-Share Index appreciated further by 540.5 points or 1.82 per cent to close higher at 30,225.34 against the 29,684.84 achieved on Monday.

Similarly, the market capitalisation rose by N186 billion or 1.82 per cent to close higher at N10.394 trillion compared with the N10.208 trillion recorded on Monday.

Nigerian Breweries led gainers table, gaining N5.10 to close at N126.59 per share.

It was followed by Lafarge Wapco with a gain of N3.02 to close at N103, while PZ Cussons appreciated by N2.46 to close at N26.61 per share.

Okomu oil increased by N2.21 to close at N23.81 and Stanbic IBTC appreciated by N2.01 to close at N21.65 per share.

Conversely, Forte Oil topped losers chart, shedding N3.50 kobo to close at N248.50 per share.

Conoil trailed with a loss of N3.23 to close at N30.50, while Cadbury fell by N1.42 to close at N27.14 per share.

Total Oil went down by 99k to close at N151 and FlourMill dipped 93k to close at N23.22 per share..

NAN reports that the volume of shares traded increased by 83.83 per cent as 938.209 million shares worth N7.49 billion were traded in 6,065 deals.

This was against the 510.364 million shares valued at N3.46 billion exchanged in 4,766 on Monday.

The financial services sector remained the toast of investors as Access Bank emerged the most traded stock.

The bank accounted for 488.95 million shares worth N2.59 billion transacted by investors in 350 deals.

Zenith Bank followed with 105.62 million shares valued at N1.62 billion in 452 deals, while UBA exchanged 98.59 million shares worth N1333.72 million in 605 deals.

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