NSE records gains as index rises by 0.3%

Equity trading on the Nigerian Stock Exchange (NSE) closed positive on Tuesday, as major indicators recorded marginal appreciation after several days of downward activities.

At the close of trading, the NSE’s All-Share Index rose by 0.3 per cent or 126.97 basis points from 37,601.53 points to 37,728.50 points.

Similarly, the market capitalisation of the listed equities increased by 0.3 per cent or N41bn to N12.119tn up from N12.078tn recorded the preceding day.

The NSE-30 Index rose by 0.26 per cent or 4.42 basis points from 1,689.80 points to 1,694.22 points, while the Consumer Goods Index rose by 2.86 basis points to close at 930.73 points from 927.87 points the preceding day.

The insurance index also rose from 133.94 points on Monday, to 134.71 points.

The banking index, however, fell to 376.05 points, down from 378.02 points recorded on Monday.

A total of 31 stocks recorded price appreciation, while 24 stocks shed prices at the close of activities on Tuesday.

Costain (West Africa) Plc led the price gainers’ chart, rising by 9.45 per cent or 12 kobo to close at N1.39 per share.

Chemical and Allied Products Plc gained 10 per cent or N4.95 to close at N54.45 per share.

UACN Property Development Company Plc and Learn Africa Plc rose by 4.7 per cent each to close at N20 and N1.57 per share in that order.

AG Leventis Plc also gained 4.4 per cent or six kobo to close at N1.40 per share, while Cutix Plc, Vitafoam Plc and Guinness Nigeria Plc gained 4.1 per cent each to close at N1.99, N4.28 and N175.99 per share, respectively.

Beta Glass Plc, on the other hand, lost the highest price for the day, shedding 4.93 per cent or 90 kobo to close at N17.35 per share.

Aiico Insurance Plc and DN Meyer Plc also lost 4.7 per cent each to close at 80 kobo and N1.22 per share, respectively.

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