Equities market gains N117bn on Dangote Cement share price appreciation

Equities investors on the Nigerian Stock Exchange (NSE) on Tuesday gained N117 billion following increased sentiments trading on high capitalized stocks.
The market capitalization increased by 1.28 per cent to close at N9.249 trillion from N9.132 trillion it closed on Monday.
The major market indicators, All-Share Index closed at 26,756.21 basis points after a spontaneous rise by 337.88 basis points or 1.28 per cent from 26,418.33 basis points it closed for trading on Monday.
Dangote Cement Company added 250 kobo to close at N162.00 per share, leading the top gainers for the day. It was tracked by Nigeria Breweries, which added 200 kobo to close at N132.00 per share; Oando gained 80 kobo to close at N8.69 per share, Okomu Oil Palm grabbed 72 kobo to close at N48.52 per share. PZ Nigeria recorded 70 kobo per share gain to close at N15.7 per share, among others.
Conversely, Total Oil led decliners’ table when it depreciated by 600 kobo to close at N249.00 per share, followed by 7Up Bottling Company Plc which slipped by 189 kobo to close at N102.00 per share, WAPCO dropped 110 kobo to close at N48.5 per share, Dangote Sugar lost 24 kobo to close at N6.46 per share, while Presco depreciated by 10 kobo to close at N46.9 per share, among others.
First City Monument Bank emerged the most traded equity Tuesday with an exchange of 232.863 million shares worth N239.404 million.
Followed by Zenith Bank having accounted for 52.295 million shares valued at N856.161 million, United Bank for Africa exchanged 42.526 million shares valued at N274.508 million; Diamond Bank recorded 33.942 million shares valued at N29.017 million while FBN Holdings traded 22.814 million shares worth N81.346 million.
Comparatively, investors sold a total of 539.232 million shares worth N2.815 billion in 4,519 deals on Tuesday against a total of 267.637 million shares worth N3.257 billion in 3,907.00 deals which exchanged hands on Monday.