NSE indices grow by 0.02% in spite of decrease in volume of transactions

Market indicators of the Nigerian Stock Exchange (NSE) on Tuesday appreciated marginally by 0.02 per cent in spite of decrease in the volume of shares traded.

The market capitalisation rose by N3 billion or 0.02 per cent to close at N12.530 trillion against N12.527 trillion achieved on Monday. Also, the All-Share Index, which opened at 38,964.75, grew by 37.81 points or 0.02 per cent to close at 38,972.56. Nigerian Breweries led the price gainers chart, gaining N2 to close at N147 per share. Dangote Cement came second with a gain of N1.30 to close at N235, while International Breweries garnered N1.25 to close at N28 per share. UAC Property appreciated by 97k to close at N20.72, while Oando chalked up 74k to close at N20.80 per share.

Guinness topped the price losers, shedding N9.60 to close at N182.40 per share. Lafarge Wapco trailed with N4.35 to close at N105.10, while Unilever dropped N2.70 to close at N51.30 per share. Okomu Oil lost N2 to close at N39, while Presco declined by N1.58 to close at N40 per share. The volume of shares traded depreciated 15.04 per cent as 475.596 million shares worth N4.22 billion were traded in 6,074 deals.

This was in contrast to the 559.768 million shares valued at N5.49 billion achieved in 5,999 deals on Monday.

Skye Bank drove the turnover volume with 58.05 million shares worth N196.05 million in 256 deals.  It was followed by Zenith Bank, accounting for 42.98 million shares valued at N888.08 million exchanged by investors in 465 deals, while FCMB traded 39.18 million shares worth N144.79 million in 67 deals. Afriprud came fourth with 37.68 million shares valued at N134.01 million traded in 268 deals, while investors staked N481.31 million on 37.05 million shares of FBN Holdings in 679 deals.