Equities Market Appreciates, Gains N38 Billion

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  • Equities Market Appreciates, Gains N38 Billion

The equities market on Tuesday gained N38 billion as 14 gainers pushed the market capitalisation from N11.700 trillion on Monday to N11.738 trillion on Tuesday.

The NSE All-Share index increased by 0.33 percent to settle at 32,154.03 basis points from 32,048.18 basis points recorded in the previous trading day.

A total of 220.710 million shares valued at N2.531 billion exchanged hands in 3,287 transactions.

Total volume traded dropped by 5 per cent to 149.563 million units, while value traded appreciated by 59.6 per cent to N2.793 billion.

The top 5 gainers were Cement Company of Northern Nigeria Plc, Nigerian Aviation Handling Company Plc, Dangote Sugar Refinery Plc, United Bank for Africa Plc and Nestlé Nigeria Plc, which recorded respective gains of 9.81 per cent, 5.29 per cent, 4.26 per cent, four per cent and 3.62 per cent, respectively.

The worst performers were Fidson Healthcare Plc, Mutual Benefits Assurance Plc, UACN Property Development Company Plc, Niger Insurance Plc and Livestock Feeds Plc, which dropped by 10 per cent, 10 per cent and 9.60 per cent, 9.09 per cent and 8.77 per cent, respectively.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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