Dangote, GTBank, MTN Sustain Stock Market, Investors Gained N48bn

• Dangote, GTBank, MTN Sustain Stock Market, Investors Gained N48bn

Dangote Cement, MTN Nigeria and Gtbank led top gainers on Tuesday to bolster the Nigerian Stock Exchange to N48 billion profit.

The market capitalisation of listed equities rose by N48 billion from N13.194 trillion to N13.242 trillion on Tuesday. While the NSE All-Share Index expanded by 0.27 percent or 67.28 basis points to settle at 25,338.43 basis points, up from 25,316.15.

Activity level was mixed as 377.9 million shares valued at N6.1 billion were exchanged in 4,585 deals against 253.3 million shares worth N2.7 billion traded in 4,775 transactions on Monday.

Therefore, while the volume and value of stocks traded grew by 49.18 percent and 128.87 percent, respectively, transactions done declined by 3.98 percent.

Accordingly, 20 stocks recorded gains against 18 equities that closed in the red during the trading session.

Dangote Cement led the gainers’ table with N2 to close at N141 per share, while GTBank followed with 55kobo to settle at N25.10 per unit share.

MTN Nigeria added 50 kobo to close at N116.50 per share, NASCON rose by 20 kobo to settle at N11.30 a share, while SAHCO expanded by 18 kobo to traded at N2.07 per unit.

The sectoral analysis showed the insurance sector gained the most on Tuesday, adding 0.44 percent. This was followed by 20kobo from the industrial goods sector.

Further breakdown showed the most attractive stock during the trading hours was Nigerian Breweries that sold 50.5 million shares valued at N2.2 billion.

GTBank traded 40.5 million shares valued at N1.0 billion. Zenith Bank, AIICO Insurance and FBN Holdings traded 34.9 million shares, 29.5 million shares and 27.7 million shares worth N599.0 million, N31.1 million and N151.1 million, respectively.