Investors stake N3.91bn on 32.76m shares on NSE

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The volume of shares traded on the Nigerian Stock Exchange (NSE) on Tuesday increased by 32.76 per cent, as investors staked N3.91 billion on 562.44 million shares in 3,710 deals.

File photo: The  floor of Stock exchange

The News Agency of Nigeria (NAN) reports that this was in contrast to the 423.66 billion shares worth N3.85 billion, traded in 4,206 deals on Monday.

The increase in the volume of shares traded was influenced by Sterling Bank, which emerged the most traded equity, with 160.99 million shares worth N398.54 million.

Eterna oil came second with 67.66 million shares valued at N297.71million, while NEM accounted for 53.29 million shares worth N39.92 million.

Unity Bank sold 39.04 million shares valued at N19.52 million, while Transcorp traded 27.13 million shares worth N117.49 million.

The NSE All-Share Index grew by 857.06 points or 2.12 per cent, to close at 41,329.19, in contrast to the 40,472.13 posted on Monday.

The market capitalisation increased by N275 billion or 2.12 per cent, to close at N13.226 trillion, against the N12.951 trillion achieved on Monday.

Nestle recorded the highest price gain, appreciating by N25 to close at N1, 200 per share.

It was followed by Dangote Cement, the most highly capitalised stock on the NSE, with N6.19 to close at N218.99 per share.

Nigerian Breweries chalked up N3.80 to close at N167.90, Zenith Bank gained N2.53 to close at N27.40, while Oando appreciated by N2.25 to close at N24.25 per share.

Conversely, Forte Oil led the losers’ table, dropping N10.55 to close at N97.75 per share.

Cadbury trailed with a loss of N1.87, to close at N59.01, while Guinness lost 90k to close at N236 per share.

Okomu Oil lost 79k to close at N44, while Livestock depreciated by 15k to close at N4.30 per share. (NAN)

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