Transactions on NSE rally on bullish note

Equity transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended on a bullish note as some blue chips sustained price rally.

The News Agency of Nigeria (NAN) reports that Guinness led the gainers’ chart with N8.27 to close at N180 per share.

Dangote Cement came second with N3.27 to close at N240, while Conoil rose by N2 to close at N50 per share.

Lafarge Wapco grew by 89k to close at N111, while UBN appreciated by 48k to close at N10.18 per share.

Consequently, the NSE All-Share Index appreciated by 96.64 points or 0.25 per cent to close at 39,269.40 as against the 39,172.76 achieved on Monday.

Also, the market capitalisation, which opened at N12.613 trillion, rose by N31 billion or 0.25 per cent to close at N12.582 trillion.

On the other hand, Total topped the losers’ chart by N3.95 to close at N166.05 per share.

Mobil followed with a loss of N2.98 to close at N123 while Nigerian Breweries dipped by N1 to close at N148.50 per share.

GT Bank lost 84k to close at N25.16, while PZ lost 50k to close at N35 per share.

In all, a total of 347.699 million shares valued at N3.70 billion were exchanged in 4,782 deals.

This was against a turnover of 383.275 million shares worth N2.72 billion achieved in 4,625 deals on Monday.

The financial services sector remained the toast of investors as Access Bank traded 59.85 million shares valued at N469.28 million.

It was trailed by Zenith Bank, which sold 34.06 million shares worth N752.19 million, while Transcorp accounted for 30.82 million shares valued N124.68 million. (NAN)