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NSE Indices Up By 0.59%

By Modupe Gbadeyanka

Trading in the Nigerian stock market finished positive on Tuesday, reversing Monday’s poor performance.

The major market indicators closed northward with the All-Share Index rising by 147.93 points or 0.59 percent to finish at 25,284.56 points, while the market capitalisation advanced by N51.2 billion to end at N8.75 trillion.

Trading of shares on the floor of the Nigerian Stock Exchange (NSE) improved yesterday compared with what was recorded on Monday, Business Post correspondent reports.

A total of 228 million shares were exchanged in 2,543 deals by investors on Tuesday at the rate of N928 million in contrast to 135 million units transacted on Monday in 2,909 deals worth N681.2 million.

On the price movement chart, Seplat recorded a gain of N19 to lead the top gainers, closing at N399 per share.

It was closely followed by Nigerian Breweries, which rose by N1 to finish at N131 per share and Forte Oil, which advanced by 91k to end at N50 per share.

GTBank progressed by 50k to finish at N25.50k per share, while Dangote Cement also went up by 50k to close at N160.50k per share.

On the losers’ log, Lafarge sat comfortably on top with a loss of N1.78k to close at N34.50k per share, while Ecobank fell by 50k to end at N10 per share.

NASCON depreciated by 35k to finish at N6.65k per share, Julius Berger crashed by 30k to end at N39.95k per share and CAP lost 11k to close at N28.1k per share.

The top trades yesterday at the stock market were Diamond Bank, First Bank, N.E.M Insurance, Fidelity Bank and Transcorp, accounting for 57.6 million, 32.9 million, 26 million, 23.1 million and 17.5 million shares respectively.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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