Nigerian bourse adds 0.03% on Tuesday from 0.88% loss on Monday

The Nigerian Stock Exchange (NSE) market indices on Tuesday recorded marginal growth of 0.03 per cent as against a drop of 0.88 per cent even as the All-Share Index rose by 10.64 points or 0.03 per cent to close at 38,924.63 as against 38,913.99 on Monday.

Similarly, the market capitalisation which opened at N13.552 trillion inched N4 billion or 0.03 per cent to close at N13.552 trillion.

The day’s gainers’ table was led by Guinness with a price appreciation of N1.35 to close at N94.05 per share. It was followed by Dangote Sugar which gained 81k to close at N21.50, while NASCON gained 76k to close at N19.50 per share.

Union Bank added 72k to its opening value to close at N7.91, while Berger Paint improved by 30k to close at N7.71 per share.

On the other hand, Mobil recorded the highest price loss to lead the losers, dropping by N6.64 to close at N168.50 per share.

International Breweries trailed with a loss of N1.64 to close at N54.98, PZ industries 90k to close at N22.10 per share while ETI shed 71k to close at N17.26, while Stanbic IBTC lost 50k to close at N41.50 per share.

The volume of shares exchanged by investors rose by 31.97 per cent with an exchange of 462.67 million shares worth N26.81 billion traded in 5,090 deals in contrast with a turnover of 350.59 million shares valued at N4.91 billion achieved in 4,884 deals on Monday.

Dangote Cement was the toast of investors, accounting for 95.48 million shares worth N23.31 million.

Diamond Bank sold 51.17 million shares valued at N76.14 million, while FBN Holdings traded 49.94 shares worth N456.73 million.

FCMB Group traded 48.09 million shares worth N59.05 million and Mansard Insurance accounted for 39.95 million shares valued at N79.91 million.