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NSE Market Capitalisation Leaps By N127bn

Transactions on the Nigerian Stock Exchange on Tuesday closed on a bullish note, with market capitalisation appreciating by N127 billion or 1.33 per cent as some major stocks sustained price gains. The day’s trading closed at N9.69 trillion, rising from N9.56 trillion recorded on Monday.

Also, the All-Share Index, which opened at 27, 839.93 points improved by 370 points or 1.33 per cent to close at 28,209.93 points. Dangote Cement stock gained N6.79 per share to lead other gainers, closing at N183 per  share. Total Oil followed with a gain of N6.5 to close at N269 per share, while ConOil grew by N3.59 to close at N38.69 per share.

Stanbic IBTC appreciated by 55k to close at N16.05 per share, while Oando Oil rose by 25k to close at N5.34 per share. On the other hand, UACN topped the losers’ chart by 78k to close at N21 per share. Unilever followed, depreciating by 51k to close at N45.5 per share. Lafarge Wapco lost 11k to close at N56.15, while GTBank dipped by 1k to close at N27 and AIICO Insurance went down by 0.03k to close at 59k per share.

FCMB emerged the most traded equity, accounting for 51.56 million shares worth N51.64 million, while Wapic Insurance followed with an exchange of 23.97 million shares worth N11.99 million.Access Bank sold 21.34 million shares worth N118.98 million and Unilever traded 16.02 shares valued at N729.79 million. In all, investors exchanged a total of 231.46 million shares worth N2.49 billion in 3,452 deals. This was against the 328.20 million shares valued at N2.89 billion traded in 3, 215 deals recorded on Monday.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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