NSE: Stock Market Extends Rally, Turnover Rises by 19.22%

February 21, 2017

By Modupe Gbadeyanka

Equity market in Nigeria finished in the green territory on Tuesday, with the market indices pointing north and extending the rally to three consecutive sessions.

The main market indicator, the all-share index, gained 2.14 points or 0.01 percent, while the market capitalisation improved by N741.4 million.

Business Post reports that at the end of trading activities, the all-share index closed at 25,251.63 points and the market capitalisation finished at N8.74 trillion.

It was observed that the volume of shares traded on the floor of the Nigerian Stock Exchange (NSE) finished higher than what was executed the previous day with an increase of 19.22 percent.

It was gathered that investors bought and sold a total of 131.2 million shares worth N2.8 billion executed in 2,764 deals compared with 110 million units transacted yesterday in 2,160 deals valued at N986 million.

Business Post correspondent further reports that a total of 11 stocks advanced on the NSE floor today against the 21 equities that crashed.

These losers were led by Seplat, which suffered a loss of N9.99k to close at N370.1k per share and Forte Oil, which crashed by N3.4k to end at N53.20k per share.

Also, Lafarge depreciated by N2.10k to finish at N39.90k per share.

Unilever declined by N1.70k to close at N32.30k per share and PZ Cussons dropped 72k to finish at N13.88k per share.

At the other end, Nigerian Breweries appreciated by N5.19k to close at N125 per share and Guinness gained 93k to end at N62.3k per share.

Access Bank rose by 17k to finish at N6.88k per share, Custodian and Allied Plc improved by 16k to end at N3.40k per share, while First Bank progressed by 10k to close at N3.27k per share.

Modupe Gbadeyanka

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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