Activities at the Nigerian Stock Exchange (NSE) on Tuesday closed on an upward trend with the market indices appreciating by 0.43 per cent after weeks of equity prices depreciation. The market capitalisation rose by N50 billion or 0.43 per cent to close at N11.653 trillion compared with N11.603 trillion achieved on Monday following price gains by blue chip equities.
Also, the All-Share Index which opened at 34,151.81 points appreciated by 146.83 points or 0.43 per cent to close at 34,298.64 points.
Forte Oil recorded the highest gain to lead the gainers’ table, increasing by N7.20 to close at N185 per share. Dangote Cement followed with N2 to close at N179, while Nestle Nigeria appreciated by N1 to close at N870 per share. Presco garnered 99k to close at N31, while Julius Berger grew by 70k to close at N52.70 per share. Conversely, Seplat Petroluem topped the losers’ chart, shedding N5 to close at N335 per share.
Nigerian Breweries trailed with N2 to close at N152, while Okomuoil dropped 76k to close at N29.50 per share. Ecobank Transnational Incorporated lost 20k to close at N21.50 and Oando dipped 18k to close at N18.02 per share. An analysis of the activity chart indicated that Lafarge Africa was the most traded equity, accounting for 231.25 million shares worth N122.58 million traded in 27 deals.
United Bank for Africa followed with a turnover of 73.06 million shares valued N387.10 million transacted in 242 deals, while Access Bank sold 60.72 million shares worth N381.99 million in 206 deals. Learn Africa traded 23.67 million shares valued N27.22 million traded in four deals, while FBN Holdings sold 17.67 million shares worth N160.29 million exchanged in 352 deals.
In all, the volume of shares traded closed higher as investors’ staked N3.71 billion on 557.61 million shares traded in 3,663 deals. This was against the 220.48 million shares worth N2.75 billion exchanged in 3,612 deals on Monday.