NSE: Market Capitalisation Gains N163b to Cross N13tr Mark

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) closed on Tuesday bullish after increasing by 1.26 percent to its extend upward movement.

Specifically, the market capitalisation added N163.4 billion to finish at N13.1 trillion, crossing the N13 trillion mark for the first time in months.

The All-Share Index (ASI) increased today by 474.18 points to settle at 37,999.56 points, nudging the YTD gain to 41.40 percent.

Unlike the previous day, the market breadth closed positive today with 30 advancers versus 20 decliners.

However, just like yesterday, the volume and value of shares traded by investors finished lower with a total of 218 million shares transacted in 5,336 deals valued at N5.1 billion.

Banking stocks attracted the attention of investors with FCMB emerging the most active, trading 20 million units valued at N24.3 million.

Zenith Bank sold 17 million shares worth N416.6 million, while Sterling Bank exchanged 15.7 million valued at N15.7 million.

GTBank transacted 14.3 million shares at N571.8 million, and UBA exchanged 14.2 million shares worth N136 million.

Nestle continued its strong performance at the market on Tuesday, gaining N94.93k to settle at N1154.93k per share.

Nigerian Breweries gained N9.5k to close at N190.5k per share, while Guinness Nigeria moved up by N7.38k to close N79.38k per share.

Seven-up added N3.30k to finish at N98 per share, and Okomu Oil expanded by N2.72k to end at N72.72k per share.

However, Presco lost N3.72k to close at N70.78 per share, while Conoil shed N1.82k to finish at N34.58k per share.

Total depreciated by N1.50k to settle at N260 per share, Dangote Cement declined by 79k to end at N240 per share, and Zenith Bank fell by 60k to wrap the day at N24.50k per share.

Investors are upbeat that the rally would be stretched tomorrow.

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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