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NSE All-Share Index Gains 370 Points On Tuesday

NSE

By Modupe Gbadeyanka

Trading on the Nigerian Stock Exchange (NSE) on Tuesday ended on a strong note with the All-Share Index (ASI) appreciating by 370 points or 1.33 percent.

The NSE ASI, which opened at 27, 839.93 points on Tuesday, closed at 28,209.93 points.

Also, the market capitalisation increased by N127 billion. The day’s trading closed at N9.69 trillion; rising from N9.56 trillion it recorded on Monday.

Business Post learnt some major stocks recorded price gains, with Dangote Cement leading the top five gainers table with N6.79 per share, closing at N183.

Also, Total Oil gained N6.5 to close at N269 per share, while ConOil added N3.59 to close at N38.69 per share.

Stanbic IBTC gained 55k to close at N16.05 per share and Oando Oil 25k to close at N5.34 per share.

On the losers’ chart, UACN topped shedding off 78k to close at N21 per share; Unilever lost 51k to close at N45.5 per share; Lafarge Wapco 11k to close at N56.15; GTBank 1k to close at N27 and AIICO Insurance 0.03k to close at 59k per share.

A total 231.46 million shares worth N2.49 billion were traded on Tuesday in 3,452 deals on the NSE as against the N2.89 billion shares exchanged on Monday in 3, 215 deals.

FCMB was the most traded equity, raking 51.56 million shares worth N51.64 million.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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