NSE: Stocks gain 0.58%

Trades on the Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday, while Total Oil leads the table of winnings.

The Nigeria News Agency (NAN) reports that critical market indicators increased slightly with 0.58 percent growth, after some of them faced blue chips.

In particular, market capitalization increased by N75 billion, or 0.58%, to close at N12.96 trillion against N12.89 trillion registered on Monday. In addition, the All-Share Index increased by 204.85 points or 0.58 percent to 35,516.21 points compared to 35,311.36 posted on Monday. Total Oil topped the table of winnings with the growth of N9 to the level of N190 per share.

Flour factories followed with an increase of N1.2, closing at N24.8, while the guarantee trust bank added N1 to its value, to close at N39 per share.

PZ improved by 95 thousand before closing on N14, and Dangote Sugar – by 5 thousand, closing at N15.5 per share.

On the contrary, Glaxosmith topped the loser schedule, stripping N1, closing on N14, while ETI and Forte Oil landed with a loss of 7k each, closing on N19.3 and N22.3 per share, respectively. Nigerian breweries declined by 5 thousand, closing at N100 per share, and Custodian lost 35 thousand, closing at N5.1 per share.

Similarly, the volume of shares traded on the Exchange increased by 89.97 percent, and the value of shares carried out in the transaction increased by 172.43 percent. NAN reports that investors are traded for a total of 339.68 million shares, valued at N5.50 billion in 3,394 transactions.

This was against 178.810 million shares for 2.2 billion dollars, exchanged in 2.981 transactions on Monday. Hmarkins was the most active fund, exchanging 99.95 million shares worth N30.99 billion.

Stanbic IBTC followed 72.95 million shares in the amount of 3.63 billion pounds sterling, while MayBaker traded 40.09 million shares worth N91.87 million.

Transcorp sold 16.07 million shares in the amount of N19.68 million, and UBA – 13.81 million shares worth N114.98 million (NAN)

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