Nigerian capital market indices record 1.09% growth

Major blue equities on Tuesday lifted activities at the Nigerian Stock Exchange (NSE) with the market indicators appreciating by 1.09 per cent.

The All-Share Index for the second consecutive day closed higher with 267.58 points or 1.09 per cent to close at 24,838.31 against 24,570.73.

Similarly, the market capitalisation increased by N92 billion or 1.09 per cent to close at N8.544 trillion compared with N8.452 trillion recorded on Monday. Dangote Cement led the gainers’ table, increasing by N7.08 to close at N148.83 per share.

Seplat trailed with N3.30 to close at N352.30, while Mobil Oil gained N2.98 to close at N159.95 per share.

PZ industries garnered N1.09 to close at N22.99, while ETI rose by 83k to close at N17.58 per share. On the other hand, Forte Oil topped the losers’ table with a loss of N33.34 to close at N308.66 per share. Lafarge Africa lost N2.87 to close at N81.65, while Unilever dropped N1 to close at N28 per share. Conoil depreciated by 87k to close at N16.56 and GT Bank shed 9k to close at N15.91 per share. The volume of shares traded closed lower as investors staked N1.10 billion on 159.74 million shares transacted in 3,080 deals.

This was in contrast with 467.24 million shares worth N1.49 billion traded in 2,549 deals on Monday. The Financial Service Sector remained the most active with Zenith Bank emerging the most traded stock with 21.26 million shares valued N234.83 million achieved in 414 deals. FCMB Group accounted for 21.11 million shares valued N15.87 million exchanged in 126 deals, while Trancorp sold 13.59 million shares worth N14.85 million in 72 deals.

UBA exchanged 13.39 million shares valued N38.43 million transacted in 169 deals and Unity Kapital Assurance traded 11.23 million shares worth N5.61 million in two deals.