Nigerian Bourse gains N113bn, closes 0.95% higher, Tuesday

Nigerian stock market halts five straight days of loses, closes

Trading activities on the floor of the Nigerian Stock Exchange on Tuesday closed in green as the All share index grew 0.95% to close at 32,722.18 points from the previous close of 32,413.00 points on Monday.

Market capitalisation grew by 0.95%, closing at N11.946 trillion away from the previous close of  N11.833 trillion, implying a gain of N113 billion.

All other market indices closed positive as the volume and value of traded stocks grew 624.27% and 452.82% to close at 662.02 million units and N5.31 billion respectively.

Market Breadth

16 stocks gained against 23 stocks that lost, bringing the market breadth to a negative round off.

Percentage Gainers

UAC Property tops percentage gainers, gaining 9.94% to close at N1.77 from the previous close of N1.61

CUTIX and Unilever also grew 9.73% and 5.58% to close at N2.03 and N43.5 respectively.

Other gainers include FBNH, Cadbury, Nigerian Breweries, Dangote Cement, WAPIC, Jaiz Bank, Transcorp, Zenith Bank, Dangote Flour, Union Bank, Guinness, UBA and Forte Oil.

Percentage Losers

Beta Glass tops the losers’ chart, losing 10.00% of its share price, closing at N70.20 from the previous close of N78.

Julius Berger and Niger Insurance also shed 9.83% and 9.09% respectively among others on the losers’ chart.

Volume Drivers

Guaranty Trust Bank traded about 41.8 million units of its shares in 221 deals, valued at about N1.53 billion



Please enter your comment!
Please enter your name here