NSE indices appreciate further by 0.25%

The market indicators of the Nigerian Stock Exchange (NSE) recorded further appreciation on Tuesday improving by 0.20 per cent as a result of price rally sustained by some blue chips. The All-Share Index (ASI) rose by 62.71 points or 0.20 to close at 30,825.00 against 30,762.29 posted on Monday.
The market capitalisation, which opened at N10.572 trillion, gained N21 billion or 0.20 per cent to close at N10.593 trillion. Dangote Cement topped the gainers’ chart, gaining N2.99 to close at N171.99 per share. Nigerian Breweries garnered 97k to close at N147.01, while Flour Mill rose by 75k to close at N22.77 per share.
Berger rose by 49k to close at N10.42, while UPL improved by 26k to close at N5.46 per share. Conversely, Julius Berger led the losers’ chart with a loss of N1.88 to close at N40 per share. It was followed by PZ Cussons with a loss of N1 to close at N26.20 per share.
Zenith Bank depreciated by 51k to close at N17.01, while Lafarge Wapco and UACN lost 50k each to close at N97.50 and N31 per share, respectively.
The ,Financial Service Sector sustained its leading position as the toast of investors with 537.47 million shares worth N1.02 billion exchanged in 1,307 deals. The Banking sub-sector drove activities in the sector accounting for 102.13 million shares valued at N744.15 billion achieved in 1,307 deals. In all, a total of 707.912 million shares worth N2.51 billion were traded by investors in 3,787 deals. The volume represented 165.48 per cent increase over the 266.652 million shares valued at N3.18 billion traded in 3,366 deals on Monday.