Investors gain N43bn as Mobil, Dangote Cement lead gainers
The Nigerian equities market reversed previous day’s losses on account of a 0.48 per cent growth in lead indicators of the Nigerian Stock Exchange on Tuesday.
The equities market which closed with 17 gainers against 19 losers, recorded improvement as The Nigerian Stock Exchange (NSE); All Share Index (ASI) added 124.71 points to close at 27,493.12 basis points compared to Mondays 82.5 basis points decline to close at 27,368.41 basis points thus decreasing the year to date losses to -3.99 per cent from -4.45 per cent recorded previously.
The Market Capitalization which is the total market value of all publicly quoted firms on the NSE likewise added N42.8 billion to close at N9.442 trillion against a decline of N28 billion recorded previous session to close at N9.399 trillion.
7up Plc led the day’s advancing stocks having improved by N11.01 to close at N127.99 per share, Mobil Plc added N8.13 to close at N170.78 per share, Dangote Cement Plc followed with a growth of N2 to close at N175.5 per share, Nigerian Breweries Plc gained N1.73 to close at N140 per share, and Presco Plc appreciated by N1.01 to close at N41.5 per share.
On the flip side, Nestle Nigeria Plc led the days retreating stocks following a decline of N8.85 in its share price to close at N816.15 per share, Forte Oil Plc lost N2 to close at N175 per share, Conoil Plc fell N1.08 to close at N20.57 per share, Unilever Plc declined by 75 kobo to settle at N39 per share, and Zenith Bank Plc depreciated by 35 kobo to close at N14.95 per share.
The total value of stocks traded on the floors of The NSE amounted to N2.7 billion, while a total of 230.1 million shares exchanged hands in 3,536 deals.
The top three traded stocks were: ETI Plc with the sale of 53.5 million shares worth N607.7 million, NEM Plc followed, trading 30.0 million stocks valued at N25.1 million and UBA Plc exchanged 19.9 million shares worth N86.9 million.
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Investors gain N43bn as Mobil, Dangote Cement lead gainers https://t.co/ctjrV093v3
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