Nigeria Stock Exchange records 13.7% increase in trade on Tuesday

Investors on the Nigerian Stock Exchange (NSE) on Tuesday staked N5.13 billion on 523.328 million shares in 5,363 deals.

The News Agency of Nigeria (NAN) reports that the volume of transactions represented 13.71 per cent increase over the 460.229 million shares worth N4.51 billion traded in 5,215 deals on Monday.

Wapic Insurance emerged the most traded equity, accounting for 101.23 million shares valued at N85.21 million.

Sky Bank came second on the activity with 62.49 million shares worth N200.07 million, while FBN Holdings accounted for 61.36 million shares valued N981.75 million.

Fidelity Bank traded 56.52 million shares worth N113.05 million, while Transcorp exchanged a total of 51.08 million shares valued at N281.59 million.

The NSE All-Share Index improved by 103.76 points or 0.24 per cent to close at 42,861.78 as against the 42,758.02 achieved on Monday.

Similarly, the market capitalisation rose by N34 billion or 0.24 per cent to close at N14.152 trillion from the N14.118 trillion posted on Monday.

Nestle recorded the highest price gain of N11.20 to close at N1,111.20 per share.

It was followed by Dangote Cement, which gained N2.02 to close at N247.02, while Glaxosmith appreciated by N2 to close at N70 per share.

Presco chalked up N1.10 to close at N38, while Stanbic IBTC rose by 27k to close at N27 per share.

Conversely, Mobil led the losers’ chart by N2.04 to close at N133.02 per share.

Nigerian Breweries trailed with a loss of N1 to close at N173, while Julius Berger dropped 95k to close at N68.05 per share.

Lafarge Wapco depreciated by 81k to close at N110.19 while PZ Cussons dipped by 75k to close at N35.80 per share. (NAN)