Trading activities on the Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday, as the All-Share Index rose by 0.47 per cent to close at 39,203.29 basis points, up from 39,020.67 basis points on Monday.
Also, the market capitalisation of the listed equities appreciated by N64bn to close at N12.910tn, up from N12.846tn Monday’s closing figures.
Of the sectoral indices, the NSE Banking Index put in the best performance for the day, rising by 1.54 per cent. On the other hand, the NSE Insurance Index fell by 0.31 per cent. It was the worst performance for the day.
The banking subsector led on the activity chart, accounting for 34 per cent of total turnover traded.
In the subsector, 94.619 million shares valued at N1.295bn were traded in 1,671 deals.
Volume was driven by trading in the shares of Zenith International Bank Plc, Guaranty Trust Bank Plc, United Bank for Africa Plc, Fidelity Bank Plc and Ecobank Transnational Incorporated Plc.
In all, investors exchanged 277.686 million shares worth N3.489bn in 4,792 deals with 17 stocks recording price appreciation, while 20 equities recorded price depreciation.
University Press Plc was the top gainer for the day with a gain of 9.16 per cent or 34 kobo, which saw it close at N4.05 per share.
Courteville Business Solutions Plc rose by 5.97 per cent or four kobo to close at 71 kobo per share, while Seplat Petroleum, which was listed on the NSE on Monday, was up by five per cent or N30.24 to close at N635.04 per share.
Cutix Plc led the losers, shedding five per cent or 10 kobo to close at N1.90 per share; followed by May and Baker Nigeria Plc, which fell by 4.65 per cent or eight kobo to close at N1.64 per share.
FCMB Group Plc was down by 4.57 per cent or 16 kobo to close at N3.34 per share, while Neimeth International Pharmaceutical Plc declined by 4.35 per cent or six kobo to close at N1.32 per share.