NSE moves 622.377m shares as index improves further by 0.39%

Investors on the Nigeria Stock Exchange (NSE), on Tuesday in Lagos traded a total of 622.377 million shares worth N7.76 billion in 7,921 deals. The volume represented an increase of 19.84 per cent over the 519.343 million shares valued at N5.36 billion exchanged in 5,917 deals on Monday. The All-Share Index, which opened at 41,577.47, grew further by 163.07 points or 0.39 per cent to close at a higher rate of 41,740.54 as a result of price gains sustained by some highly-capitalised stocks.

Also, the market capitalisation appreciated by N54 billion or 0.39 per cent to close at N13.782 trillion, against the N13.728 trillion posted on Monday. Nigerian Breweries led the gainers’ chart with a gain of N4.98 to close at N175 per share. It was followed by MRS Oil which gained N3 to close at N70, while Dangote Cement inched by 75k to close at N228.25 per share.

Lafarge Wapco gained 64k to close at N110.65, while Guinness rose by 60k to close at N180.60 per share. On the other hand, Seplat topped the losers’ chart, depreciating  by N9 to close at N675 per share. CAP trailed with a loss of N1.50 to close at N40.50, Okomu Oil and Glaxosmithkline dipped by 99k each to close at N32.26 and N65.01 per share, respectively.

Ashaka Cement dropped 93k to close at N29 per share. Transcorp was the most active equity with 208.85 million shares worth N1.14 billion. Oando Oil came second, accounting for 83.30 million shares valued at N2.84 billion, while Wapic Insurance sold 45.80 million shares worth N34.17 million. FBN Holdings traded 28.71 million shares valued at N444.17 million, while investors staked N202.74 million on 20.83 million shares of Access Bank.