NSE transactions upbeat, up by 0.98%

The Nigerian equity market on Tuesday re-opened transactions after the public holiday to mark Eid-el-Maulud celebration on a positive trend as market indices grow by 0.98 per cent.

The All-Share Index gained 253.47 points to close at 26,071.16 compared with 25,817.69 achieved on Friday.

Similarly, the market capitalisation rose by N87.21 billion to close at N8.970 trillion against N8.883 trillion, indicating a growth of 0.98 per cent.

The upturn was largely boosted by value appreciation recorded by some medium and large capitalised stocks.


A breakdown of the price movement chart showed that Seplat topped the gainers’ table, gaining N34.85 to close at N374.85 per share.

Total appreciated by N13.80 to close at N289.85, while Forte Oil inched N10.88 to close at N117.11 per share.

Dangote Cement chalked up N2 to close at N162 and GT Bank garnered 46k to close at N23.80 per share.


On the other hand, Mobil recorded the highest loss to lead the losers’ table, dropping N5 to close at N300 per share.

Guinness lost N2.30 to close at N75.60, while 7UP dipped N1 to close at N129 per share.

Union Bank of Nigeria lost 21k to close at N4.26 and Zenith Bank dropped 16k to close at N14.34 per share.

Wema Bank drove the activity chart with a turnover of 100.91 million shares valued at N52.49 million.

Diamond Bank sold 84.02 million shares worth N70.21 million and FCMB Group accounted for 83.19 million shares valued at N87.49 million.

GTBank traded 13.96 million shares worth N330.28 million, while Transcorp exchanged 12.31 million valued at N10.86 million.

In all, investors bought and sold 376.69 million shares worth N2.41 billion transacted in 2,885 deals.

This was against the 108.53 million shares valued at N1.63 billion achieved in 2,512 deals on Friday