Home Business NSE market indices record 0.68 per cent growth reversing negative trend

NSE market indices record 0.68 per cent growth reversing negative trend

by Business News Report

Market indices of the Nigerian Stock Exchange (NSE), Tuesday appreciated by 0.68 per cent, reversing the seventh day downward trend in the stock market. The All-Share Index rose by 203.18 points or 0.68 per cent to close at 30,112.62 against 29,909.44 posted on Monday. Also, the market capitalisation, which opened at N10.251 trillion, increased by N70 billion to close at N10.321 trillion due to price gains by some blue chip companies. Dangote Cement recorded the highest price gain to lead the gainers’ table, growing by N8.52 to close at N180 per share.
Vitafoam followed with a gain of 16k to close at N5.85, while Access Bank gained 10k to close at N4.20 per share. Nigerian Breweries grew by 9k to close at N122.10 and FCMB also increased by 9k to close at N2.35 per share. On the other hand, Seplat topped the losers’ chart, dropping by N12.55 to close at N258.20 per share. PZ industries came second with N3.22 to close at N29.83, while Nestle depreciated by N2 to close at N840 per share. Cadbury Nigeria went down by N1.58 to closed at N30.06 and Lafarge Africa lost N1.55 to close at N101.50 per share.
Access Bank was the toast of investors’ with a turnover of 45.39 million shares worth N186.09 million traded in 327 deals.
UBA traded 45 million shares valued N146.88 million exchanged in 264 deals, while E-Tranzact accounted for 43.47 million shares worth N156.49 million in two deals.
Transcorp sold 34.75 million shares valued N95.05 million transacted in 208 deals and GTB exchanged 19.22 million shares worth N433.97 achieved in 344 deals. In all, the volume of shares traded dropped by 35.35 per cent with a total of 307.99 million shares valued N3.62 billion exchanged in 4,365 deals. This was against 476.36 million shares worth N3.65 billion traded in 3,841 deals on Monday.

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