Equities Market Extends Gains, Up 0.69%

The bulls continued their hold of trading activities on the floor of The Nigeria Stock Exchange (NSE) on Tuesday extending gains on equities as blue chip companies pushed the market up by 0.69 per cent.

The All Share Index increased by 211.03 basis points to close trading at 30,458.86 as against 30,247.83 recorded on Monday even as Market Capitalisation appreciated by N72.335 billion to close at 10.439 trillion compared with Monday’s N10.367 trillion.

At the close of trading on Tuesday, a total of 668.324 million shares valued at N4.763 billion changed hands in 4,415 deals as against 320.245 million shares valued at N3.529 billion which changed hands in 3,275 deals recorded on Monday with the financial services sector accounting for a total of 515.703 million shares valued at N3.644 billion in 2,641 deals compared with 275.250 million shares valued at N2.361 billion in 1,980 deals recorded the previous day.

In the banking sub-sector, investors bought and sold a total of 215.246 million shares valued at N2.878 billion in 1,761 transactions as against 194.041 million shares valued at N2.136 billion in 1,263 transactions recorded on Monday.

Forte Oil led 28 other gainers’ when it appreciated by 400 kobo to close at N194.00 per share, followed by Unilever Nigeria which gained 180 kobo to close at N37.81 per share, PZ Cussons added 145 kobo to close at N29.00 per share, Guaranty Trust Bank grabbed 139 kobo to close at N24.45 per share, while Guinness Nigeria nicked 98 kobo to close at N131.00 per share, among others.

Mobil Nigeria led 19 others on the decliners’ table when it went down by 597 kobo to close at N150.01 per share, followed by Total Nigeria which depreciated by 500 kobo to close at N155.00 per share, Conoil lost 398 kobo to close at N36.87 per share, Lafarge Cement WAPCO shed 185 kobo to close at N101.24 per share, while the share price of Flourmill Nigeria went down by 95 kobo to close at N29.48, among others.

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