Stock Market Investors Gain N117b as Index Rises 1.28%

Stock Investors

By Modupe Gbadeyanka

Investors in the Nigerian stock market recorded a gain of N117 billion on Tuesday, with the major market indices swinging north.

The All-Share Index (ASI) improved by 337.88 points or 1.28 percent, while the market capitalisation increased by N117 billion.

The market breadth closed positive yesterday with 34 gainers in contrast to 8 losers, while the year-to-date return reduced further to -0.44 percent.

Dangote Cement led the gainers’ chart with an addition of N2.50k to close at N162 per share, while Nigerian Breweries advanced by N2 to finish at N132 per share.

Oando rose by 80k to end at N8.69k per share, Okomu Oil increased by 72k to finish at N48.52k per share and PZ Cussons moved up by 70k to wrap the day at N15.70k per share.

Conversely, Total went down by N6 to close at N249 per share, just as 7up crashed by N1.89k to finish at N102 per share.

Lafarge dropped N1.10k to close at N48.50k per share, Dangote Sugar depreciated by 24k to end at N6.46k per share, while Presco slumped by 10k to close at N46.90k per share.

At the close of trading activities yesterday, investors exchanged a total of 539.2 million shares valued at N2.8 billion executed at 4,519 deals.

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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