Nigerian Stocks Exchange records uptrend as ASI add 0.63%

Equities trading on the Nigerian Stock Exchange (NSE) closed Tuesday on a positive note as the lead market indicator, the NSE All share Index (ASI) grew by 0.63 per cent to settle at 40,788.68 points.

The day’s performance preceded by growth in the NSE Banking Index (+1.32 per cent), Industrial Index (+1.75) and consumer goods index (+0.60 per cent) improved the year to date returns to 6.66 per cent.

The market capitalisation also added N92.2 billion to close the day at N14.73 trillion.

Market breadth ended positive as 33 gainers were paired against 18 losers by close of trade. Unity Bank, Oando and Skye Bank were the day’s top three gainers. They added 9.48, 9.27 and 9.09 per cent respectively and closed at N1.27, N8.25 and 96 kobo per share respectively.

On the other hand, the day’s top three losers were CILEASING, FIDSON that dropped 5 per cent each to close at N1.33 and N5.51 per share respectively and AGLEVENT that depreciated 4.84 per cent to close at 59 kobo per share.

FCMB, UBA and Zenith Bank emerged the three most traded stocks for the day. They accounted for 952.6 million shares, 382.5 million shares and 65.2 million shares that were valued at N2.4 billion, N4.2 billion and N1.8 billion respectively.

The total volume of shares traded for the day were 1.6 billion shares, they were valued at N10.9 billion and exchanged in 4,729 deals.