NSE All-Share Index records 0.42% growth

The All-Share Index of the Nigerian Stock Exchange (NSE) on Tuesday reversed the negative trend with a growth of 0.42 per cent following gains by some blue chips.

The All-Share Index appreciated by 105.68 points or 0.42 per cent to close at 25,454.75 compared with 25,349.07 recorded on Monday.

Similarly, the market capitalisation inched N36 billion to close at N8.755 trillion against N8.719 trillion posted on Monday. Nigerian Breweries recorded the highest price gain to lead the gainers’ pack, appreciating by N3.98 to close at N106.59 per share.

Seplat garnered 45k to close at N306.50, while National Salt grew by 34k to close at N7.25 per share. Custodian Insurance gained 19k to close at N4.09 and E-Tranzact improved by 14k to close at N2.94 per share. On the other hand, International Breweries topped the losers’ table with a loss of 49k to close at N20 per share. Cement Company of Northern Nigeria lost 36k to close at N7.03, while Oando dipped 20k to close at N4.50 per share.

Portland Paint dropped 16k to close at N3.04 and Afri Prudential shed 0.09k to close at N2.48 per share. The Financial Services sector remained the most traded with Sterling Bank emerging the most active, accounting for 38.82 million shares worth N62.08 million. FCMB Group came second with an exchange of 20.13 million shares valued at N19.31 million, while Wema Bank traded 13.31 million shares worth N9.85 million.

Skye Bank sold 12.83 million shares valued at N11.79 million and Diamond Bank traded 10.43 million shares worth N12.41 million. Investors bought and sold 177.35 million shares valued at N1.01 billion exchanged in 3,304 deals. This was against the 242.69 million shares worth N1.65 million shares transacted in 3,213 deals on Monday.