NSE Index rebounds, up 0.26 per cent

By Bamidele Ogunwusi

Correspondent, Lagos


Trading on the floor The Nigeria Stock Exchange (NSE) rebounded on Tuesday when both major indicators closed northward by 0.26 percent each.

Market Capitalisation closed higher at N9.945 trillion after it appreciated by N26.609 billion as against N9.918 trillion recorded on Monday, while the All Share Index went up by 79.89 basis points or 0.26 percent to close at 29,859.06 points as against 29,779.17 points recorded on Monday.

Meanwhile, investors bought and sold a total of 468.181 million shares valued at N4.675 billion at 4,346 deals with the financial services sector accounting for a total of 380.302 million shares valued at N1.514 billion in 2,456 transactions.

The banking sub-sector of the financial services sector was the most active when investors bought and sold 332.017 million shares valued at N1.296 million in 1,537 transactions.

Presco led the gainers’ table on Tuesday when it appreciated by 155 kobo to close at N32.66 per share, followed by Okomu Oil  which grabbed 132 kobo to close at N27.00 per share, PZ Cussons added 125 kobo to close at N26.25 per share, Flour Mills of Nigeria  gained 108 kobo to close at N39.80 per share,  while Stanbic IBTC nicked 100 kobo to close at N27.00 per share, among others.

Food products-diversified major player, Nestle Nigeria, led  27 others on the decliners’ table when it depreciated by 515 kobo to close at N825.00 per share.

Source : Independent

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