The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday improved by N27 billion to close at N9.872 trillion due to marginal gains posted by some blue chip equities. The News Agency of Nigeria (NAN) reports that this was N9.845 trillion posted at the close of trading on Monday.
An analysis of the price movement showed that PZ led the gainers’ table, appreciating by N1.20 to close at N25.55 per share. It was followed by Flour Mills with 97k to close at N32.93, while Stanbic IBTC increased by 76k to close at N27.90 per share. Dangote Cement improved by 58k to close at N152.88 and Nigerian Breweries rose by 50k to close at N132 per share.
Consequently, the All-Share Index rose by 78.53 basis points or 0.27 per share to close at 29,584.00 compared with 29,505.47 recorded on Monday.
Conversely, Seplat Petroleum recorded the highest price loss to lead the losers’ chart, dropping by N18.08 to close at N370 per share. Nestle trailed with a loss of N15 to close at N805, while Guinness lost by N2 to close at N127 per share. Cement Company of Northern Nigeria dipped N1.01 to close at N10.79 and UAC declined by 71k to close at N33.49 per share.
The volume of shares traded dropped by 65.43 per cent with an exchange of 211.43 million shares worth N2.85 billion traded in 3,808 deals.
NAN reports that this was against the 611.72 million shares valued N5.62 billion exchanged in 3,271 deals on Monday. Zenith Bank was the toast of investors, accounting for 47.51 million shares worth N782.61 million traded in 361 deals. FCMB traded 16.87 million shares worth N46.33 million transacted in 188 deals, while Transcorp sold 15.53 million shares valued N41.11 million in 166 deals.
GT Bank accounted for 15.25 million shares worth N342.76 million traded in 218 deals and UBA traded 14.49 million shares valued N56.57 million achieved in 274