By Dipo Olowookere
The bullish momentum on the floor of the Nigerian Stock Exchange (NSE) continued on Tuesday with the stock market closing 1.29 percent higher.
The positive run propelled the 513.32 points gained by the All-Share Index (ASI) to finished at 40,362.97 points, crossing the 40,000 milestone for the first time in more than three years.
As a result of this growth, the Year-to-Date (YtD) gain settled at 5.54 percent, with the market breadth closing positive after recording 47 price gainers and seven price losers.
Business Post reports that at the close of transactions yesterday, the market capitalisation increased by N182.7 billion to end at N14.364 trillion.
The biggest price gainer at the market on Tuesday was Seplat, progressing by N10 to settle at N660 per share.
It was followed by Dangote Cement, which rose by N3.24k to end at N237.50k per share, and Guinness Nigeria, which increased by N2 to finish at N102 per share.
Conoil gained N1.62k to close at N34.3k per share, while Mobil expanded by N1.50k to finish at N180 per share.
On the flip side, Nestle lost N50, closing as the biggest price loser at the stock market to wrap the day at N1450 per share.
GlaxoSmithKline depreciated by 30k to finish at N21.80k per share, NAHCO fell by 21k to settle at N4.29k per share.
Union Bank went down by 20k to close at N7.50k per share, while UAC-PROP declined by 15k to finish at N3.3k per share.
Business Post reports that a total of 770.9 shares worth N7.9 billion exchanged hands on Tuesday in 7,395 deals compared with 604.5 million shares valued at N16.2 billion transacted by investors on Monday in 5,769 deals.
It was Diamond Bank that attracted the curiosity of traders at the market yesterday, trading a total of 219.7 million shares worth N441.2 million.
Transcorp sold 139.9 million units valued at N254.9 million, while FCMB transacted 74.6 million shares for N154.7 million.
Zenith Bank traded 41.9 million at N1.2 billion, while Access Bank exchanged 41 million shares worth N455.2 million.
Modupe Gbadeyanka