Equities market’s 9th consecutive positive session ends with 0.41% gain

Equities trading on the Nigerian Stock Exchange, NSE, extended gains to the 9th consecutive trading session on Tuesday.

The day ended with lead market indices in green, as The All Share Index (ASI) and market capitalisation both advanced by 0.41 percent.

The ASI, which opened with 33,301.43 points, closed at 33,436.61 points, while the market capitalization added N47 billion and closed the day at N11.524 trillion.

The Consumer goods sector was at the top of gains recorded in the course of the day with a growth of 1.43 percent recorded in consumer goods index.

The day’s 25 gainers were led by Honeywell that added 8.29 per cent to close at N1.96 per share, Union Bank of Nigeria followed with an increase of 5 per cent to close at N5.67 per share and Julius Berger came third with a growth of 4.99 per cent to close at N34.30 per share.

Unilever’s 4.98 per cent growth to close at N38.19 per share shows it continues to gain the attention of investors, following an impressive half year results, released recently while Beta Glass clinched the day’s fifth gainer with a growth of 4.93 per cent to close at N57.47 per share.

Top on the day’s 19-loser list was May & Baker, with a decline of 5.02 per cent to close at N2.65, AXA Mansard came next on the losers chart with a drop of 4.93 per cent to close at N2.12.

Custodian and Allied Insurance recorded a loss of 4.76 per cent to close at N3.40 per share, Continental Re-Insurance declined by 4.55 per cent to close at N1.26 while Cadbury depreciated 4.46 per cent to close at N12.

In all, investors in 3,715 deals traded a total of 2.404 billion shares valued at N21.6 billion, with UBA leading trading activities by the sale of 2.1 billion shares valued at N19.8 billion.
Continental Re-Insurance exchanged 174.4 million units at N219.8 million, while FBN Holdings sold 35.5 million shares worth approximately N208.5 million. Oando traded 13.6 million shares valued at approximately N90 million, and Skye Bank exchanged 9.3 million shares worth N5.6 million.