Modupe Gbadeyanka
By Modupe Gbadeyanka
Activities on the Nigerian Stock Exchange (NSE) resumed on Tuesday after the holiday declared by the Federal Government to celebrate workers in the country on Monday, May 1, 2017.
At the close of trading today, the stock market finished strong with investors smiling with a gain of N62 billion.
The market breadth also closed strong with 24 gainers compared with 11 declining stocks, while the year-to-date return ended at -3.38 percent.
The All-Share Index (ASI), the major market indicator, appreciated by 206.67 points or 0.80 percent to close at 25,965.18 points, while the market capitalisation improved by N62 billion to finish at N8.975 trillion.
Nestle performed incredibly well on the floor of the NSE on Tuesday, growing by N17.99k to end at N744.99k per share, while Seplat rose by N15 to finish at N425 per share.
Presco progressed by N2.25k to close at N47.25k per share, Total gained N2 to end at N265 per share and Stanbic IBTC advanced by 76k to finish at N27.1k per share.
Conversely, Forte Oil led the losers’ chart with a fall of N1.90k to end at N43 per share , while UACN lost 72k to finish at N13.75k per share.
Access Bank slumped by 5k to close at N6.60k per share, Jaiz Bank also depreciated by 5k to finish at N1.10k per share and FCMB declined by 3k to end at 93k per share.
Business Post correspondent reports that at the market today, investors transacted a total of 191 million share in 3,392 deals valued at N2.13 billion.
