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NSE: major equities record price appreciation

by Business News Report

Trading on the Nigerian Stock Exchange (NSE) on Tuesday remained on the upbeat trend with major blue chips recording price appreciation. The Nigerian Stock Exchange market indicators recorded further growth, appreciating by 1.4 per cent. The All-Share Index rose by 461.35 points to close at 33,351.71 against the 32,890.36 achieved on Monday.
Also, the market capitalisation increased by N148 billion or 1.4 per cent to close at N10.67 trillion from N10.52 trillion recorded on Monday. Guinness topped the price gainers’ table with N24.87 to close at N289.90 per share.
Nigerian Breweries gained N10.50 to close at N172.50, Total appreciated by N4.20 to close at N159, while NewGold garnered N3 to close at N2,431 per unit. On the other hand, Nestle led the losers’ chart with N6 to close at N835 per share. Presco lost N1.49 to close at N23.80, while Mobil dipped N1 to close at N124 per share.

DN Meyer lost 24k to close at N2.16, while National Salt lost 12k to close at N9.18 per share. The financial services sector was the toast of investors with a total of 352.55 million shares worth N3.15 billion traded in 3,556 deals. Custodian and Allied Insurance emerged the most traded stock with 51.05 million shares valued N98.15 million traded in 76 deals.

GTBank trailed with 38.01 million shares worth N948.38 million traded in 434 deals, while Zenith Bank accounted for 35.83 million shares valued at N779.39 million exchanged in 426 deals. In all, investors exchanged 474.67 million shares worth N4.83 billion in 6,494 deals against the 700.21 million shares valued at N2.68 billion traded in 5,725 deals on Monday.

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