Equities market indices record marginal growth

Equities trading on the Nigerian Stock Exchange has for the third consecutive trading day, closed on a positive note.

Lead market indices; the All share Index and The Market Capitalisation added 0.01 percent each to close at 25,251.63 basis points and N8.739 trillion.

The price movement chart showed that Custodian and Allied Insurance led the day’s eleven gainers by 4.94 percent to close at N3.40, Nigerian Breweries was next with a growth of 4.33 percent to close at N125 and Continental Reinsurance added 3.81 percent to close at N1.09.

FBN Holdings and Capital Hotel came fourth and fifth on the gainers list with an appreciation of 3.15 and 2.78 percent to close at N3.27 and N3.70 per share respectively.

On the other hand, Forte Oil led twenty two stocks that declined on Tuesday with a loss of 5.41 percent to close at N53.20, followed by Dangote Flour, which shed 5.12 percent to close at N3.89, WAPCO and Unilever dropped 5.00 percent each to close at N39.90 and N82.30 respectively and PZ Nigeria depreciated 4.93 percent to close at N13.88.

Presco emerged the day’s most traded equity with an exchange of 34.5 million shares worth N1.6 billion. It was trailed by United Capital that accounted for approximately 19 million shares valued at N70.7 million. Transcorp recorded the sale of 13.1 million shares worth N10.3 million; Zenith Bank exchanged 8.9 million shares valued at N132.3 million while Initiates Plc traded 6 million shares worth N4.9 million.