NSE Stock Market Gains N11b As Index Grows By 0.12%

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) reversed the downward trend recorded yesterday to end on a positive note on Tuesday.

The capital market indices improved by 0.12 percent at the close of trading activities today, which brought a little bit of confidence to investors.

Business Post correspondent reports that market capitalisation went up by N11 billion to finish at N9.36 trillion in contrast to N9.34 trillion achieved yesterday, while the all-share index grew by 32.39 points or 0.12 percent to close at 27,252.48 points against 27,220.09 points it recorded the previous day.

Okumu Oil appreciated by N3.95k to lead the gainers’ table today, closing at N47 per share, while Guinness grabbed N2.9k to finish at N82.9k per share.

Also, GTBank improved by 30k to close at N23.80k per share, Enterna gained 30k to end at N3.9k per share and PZ added 25k to finish at N17.75k per share.

The number of shares sold today dropped compared to what was achieved yesterday. A total of 187.6 million traded in 3,065 deals at N1.3 billion exchanged hands today compared to 219.9 million shares exchanged in 3,955 deals valued at N1.9 billion on Monday.

International Breweries wrapped up the market today as the losers’ leader after slumping by 92k to finished N19 per share, while UACN lost 35k to close at N19.20k per share and Oando shed 24k to end at N4.70k per share.

Union Bank fell by 22k to finish at N4.30k per share and UAC Property sank by 16k to close at N3.9k per share.

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