The Nigerian stock market rallied by 0.29 percent after Monday’s trading on the floor of the Nigerian Stock Exchange (NSE).
This comes amid deals in banking stocks boosting the volume of trade recorded at the Customs Street. Investors in 4,687 deals exchanged 317,662,276 shares valued at N3.439billion, majority of these stocks are those of FBN Holdings plc, Zenith Bank plc, GTBank plc and Unity Bank plc.
The market’s performance indicators closed positive evidenced in the movement of the NSE All Share Index (ASI) from 32,993.97 points to 33,090.04 points yesterday, while market cap rose to N10.577trillion from N10.546trillion.
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Gains recorded by CAP plc helped to impact the market. The company’s stock price rose from N37 to N38, adding N1. GTbank plc rose from N24.21 to N25.09, adding N0.88. GlaxoSmithKline plc rose from N48.20 to N49, adding N0.80; Zenith Bank plc rose from N19.20 to N19.70, gaining N0.50; while Presco gained N0.47, from N23.53 to N24.
On the loser side, Lafarge Cement Wapco plc dipped from N83 to N80, shedding N3; MRS dipped from N22.40 to N20.16, losing N2.24; Unilever Nigeria plc also dipped from N53 to N51.30, shedding N1.70; PZ lost N1.50, from N42 to N40.50; while Cement Company of Northern Nigeria (CCNN) declined from N10.50 to N9.60, shedding N0.90.
