NSE Index up 0.25 per cent

By Bamidele Ogunwusi



The bullish run on the floor of The Nigerian Stock Exchange continued on Tuesday as the two twin indicators closed northward, up by 0.25 per cent each.

Market Capitalisation, closed at N13.607 trillion after it appreciated by N34.577 billion as against N13.572 trillion it recorded on Monday, while the All Share Index closed at 41,210.38  points after it gained 104.72  basis points or 0.25 percent as against 41,105.38 points recorded on Monday.

Meanwhile, investors bought and sold a total of 1.079 billion shares valued at N8.084 billion in 4,894 transactions as against 274.021 million shares valued at N4.739 billion in 4,567 transactions recorded on Monday with the financial services sector accounting for a total of 856.858 million shares valued at N4.699 billion in 2,487 transactions as against 159.182 million shares valued at N2.250 billion in 2,343 transactions recorded in the previous day’s trading.

The banking sub-sector of the financial services sector was the most active during the day with 764.344 million shares valued at N4.116 billion in 1,502 transactions as against 93.445 million shares worth N1.684 billion exchanged by investors in 1,517 deals on Monday.

The number of gainers at the close of trading session was 30 as against 24 on Monday, while decliners were 23 as against 22 on Monday.

Guinness Nigeria led 29 others on the gainers’ table when it appreciated by N15.48 to close at N214.98 per share, followed by PZ Cussons which grabbed 201kobo to close at N35.00 per share.  Stanbic IBTC added 1600 kobo to close at N33.60 per share, among others.

Source : Independent

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