Volume in the trading of shares of Access Bank Plc, Diamond Bank Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc and Zenith International Bank Plc helped to boost recovery of the Nigerian Stock Exchange (NSE) as the All Share Index rose by 1.07 per cent or 441.52 basis points on Tuesday to close at 41,812.14 basis points after shedding 2.96 per cent over the last six sessions.
On Monday, its year-to-date return had closed in on the negative zone, dropping to +0.10 per cent. Tuesday’s gains, however, lifted it to +1.17.
The market capitalisation of the listed equities also rose by 1.07 per cent or N146bn to close at N13.806tn as against the 0.10 depreciation, which caused it to close at N13.660tn in the previous session.
Also, the NSE 30 Index, which tracks the performance of the 30 most capitalised companies on the Exchange, gained 20.66 basis points or 1.09 per cent to close at 1,899.92 basis points on Tuesday.
The NSE Consumer Goods sector put in the best performance of the sectoral indices, rising by 1.13 per cent to close at 1,041.52 basis points, while the NSE Insurance Index declined the most, shedding 0.10 per cent to close at 143.84 basis points.
The banking sub-sector led the activity charts, accounting for 45.58 per cent of total turnover volume traded.
In the sub-sector, 129.255 million shares valued at N1.737bn were traded in 1,604 deals.
In all, 303.508 million shares worth N3.621bn were exchanged by investors in 5,051 deals on Tuesday.
Twenty-two stocks recorded price appreciation on Tuesday, while 29 others recorded price depreciation.
Premier Breweries led the gainers, rising by 10 per cent or 12 kobo to close at N1.32 per share.
It was followed by Conoil Plc, which gained 4.98 per cent or N3.25 to close at N68.45 per share.
Cornerstone Insurance Plc was up by 3.92 per cent or two kobo to close at 53 kobo per share, while Union Bank of Nigeria Plc advanced by 3.79 per cent or 31 kobo to close at N8.49 per share.
Vono Products Plc led the losers after it shed 8.76 per cent or 12 kobo to close at N1.25 per share.
Costain (West Africa) Plc and Fortis Microfinance Bank Plc followed, falling by five per cent and 4.91 per cent to close at N1.14 and N5.42 per share, respectively.
