• Monday, March 04, 2024
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Trading on NSE remains upbeat, as market capitalisation increases by N72bn


Transactions at the Nigerian Stock Exchange (NSE) on Tuesday remained upbeat with investors net worth appreciating by 0.70 percent.

The News Agency of Nigeria reports that the All-Share Index rose by 211.03 points or 0.70 percent to close at 30,458.86 against 30,247.83 posted on Monday.

Similarly, the market capitalisation, which opened at N10.367 trillion, appreciated by N72 billion or 0.70 percent to close at N10.439 trillion.

Forte Oil led the gainers’ table, growing by N4 to close at N194 per share.

Unilever came second with a gain of N1.80 to close at N37.81, while PZ Industries appreciated by N1.45 to close at N29 per share.

GTBank garnered N1.39 to close at N24.45 and Guinness Nigeria increased by 98k to close at N131 per share. On the other hand, Mobil topped the losers’ chart, dropping by N5.97 to close at N150.01 per share.

Total trailed with a loss of N5 to close at N155, while Conoil fell by N3.98 kobo to close at N36.87 kobo. Lafarge Africa lost N1.85 to close at N101.24 and Flour Mills declined by 95k to close at N29.48 per share.

Mansard Insurance emerged investors’ delight, trading 189.88 million shares worth N484.31 million achieved in 23 deals.

GTBank followed with 62.65 million shares valued N1.45 billion in 372 deals, while Zenith Bank sold 61.94 million shares worth N991.88 million traded in 518 deals.

Continental Reinsurance traded 47.88 million shares worth N40.55 million in 18 deals and Access Bank exchanged 27.488 million shares valued N134.11 million transacted in 292 deals.

In all, the volume of shares traded appreciated by 108.69 per cent with a total of 668.34 million shares worth N4.76 billion achieved in 4,416 deals.

This was against 320.25 million shares worth N3.53 billion traded in 3,277 deals on Monday.