NSE market indices record further appreciation

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The market indices of the Nigerian Stock Exchange (NSE) appreciated further on Tuesday by 0.26 per cent due to price gains by some blue chips. The market capitalisation rose by N17 billion or 0.26 per cent to close at N6.458 trillion from the N6.441 trillion recorded on Monday. Also, the All-Share Index, which opened at 20,439.25, grew by 53.06 points or 0.26 per cent, to close at 20,492.31. PZ Cussons recorded the highest price gain of 75kobo to close at N26.90 per share. Guinness rose by 50 kobo to close at N221 per share; FBN grew by 44k to close at N11.37 per share, while UACN increased by 43k to close at N30 per share. On the other hand, Flour Mills led the losers’ chart with a loss of N2.80 to close at N53.20 per share.
Conoil dipped by N1.40 to close at N26.60 per share, Nigerian Breweries lost 90k to close at N98.10 per share, while UAC Property lost 40k to close at N11.50 per share. The banking sub-sector was still the most active with 179.2 million shares worth N704.6 million exchanged in 2,214 deals. UBA traded 92.5 million shares worth N190.1 million in 453 deals, while Diamond Bank trailed with 18.6 million shares valued N44.4 million exchanged in 26 deals. In all, investors staked N1.9 billion on 301.1 million shares in 4, 104 deals against the 348.6 million shares worth N2.7 billion exchanged in 3,446 deals the previous day.
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