Stock Market Extends gains, closes 0.69% higher, Tuesday

The Nigerian Bourse on Tuesday extends gains to four straight trading sessions as the All Share Index grew 0.69%, closing at 33,191.45 points against 32,962.82 points of Monday thereby adding 121.130 points.

The Market capitalisation also appreciated by 0.69% to close at N12.117 trillion from the previous close of N12.034, up by 83 billion.

The volume and value of traded stocks declined by 28.20% and 52.52%, closing at 185 million units and N2.3 billion respectively.

Market Breadth

The market breadth for the day closed negative as 14 stocks gained against 19 that lost.

Percentage Gainers

Transnational Corporation led other percentage gainers closing 9.60% above the previous close of N1.25 to settle at N1.37.

Honeywell flour grew 4.35% and FBNH grew 4.32% ahead of other 11 stocks that made it to the green.

Percentage Losers

First Aluminium tops the losers’ chart losing 9.09% of its share price. This is followed by PZ, MCNICHOLS and Niger Insurance, all shedding 7.66%, 7.41% and 7.14% of their share prices.

Volume Drivers

FCMB traded the highest volume of about 27.5 million units, valued at about N42 million.

Guaranty also traded about 15million units of its shares in 172 deals, worth about N553 million.

 

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