The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday rebounded by N20 billion due to moderate gains posted by some blue chips.<\/p>\n
Market capitalisation, which opened at N8.518 trillion inched N20 billion or 0.23 per cent to close at N8.538 trillion.<\/p>\n
Similarly, the All-Share Index rose by 58.76 points or 0.24 per cent to close at 24,823.86 compared with 24,765.10 achieved on Monday.<\/p>\n
NAN reports that the upturn was mostly boosted by capital appreciation recorded by FBN Holdings, Zenith Bank, Nigerian Breweries and GT Bank.<\/p>\n
A breakdown of the price movement chart indicated that Ecobank Transnational led the gainers’ table, growing by 50k to close at N15.20 per share.<\/p>\n
Nigerian Breweries followed with a gain of 44k to close at N106.53 and Oando gained 18k to close at N4.55 per share.<\/p>\n
Dangote Sugar improved by 16k to close at N5.98, while NASCON increased by 15k to close at N8.10 per share.<\/p>\n
Conversely, Guinness topped the laggards’ chart, dropping by N2 to close at N95 per share.<\/p>\n
Stanbic IBTC trailed with a loss of 54k to close at N13.76, while Berger Paint shed 46k to close at N8.84 per share.<\/p>\n
Air Services depreciated by 8k to close at N1.64 and Dangote Cement shed 4k to close at N161 per share.<\/p>\n
Also, the volume of shares traded closed higher with an exchange of 212.15 million shares valued at N1.50 billion transacted in 3,240 deals.<\/p>\n
NAN reports that this was in contrast with 144.68 million shares worth N766.02 million traded in 2,729 deals on Monday.<\/p>\n
Access Bank drove the turnover volume with a total of 54.47 million shares valued at N212.38 million.<\/p>\n
It was trailed by FBN Holdings having accounted for 31.57 million shares worth N106.99 million and Zenith Bank traded 24.81 million shares valued at N502.03 million.<\/p>\n
Investors bought and sold 17.17 million shares of United Bank for Africa worth N58.27 million, while FCMB Group exchanged 13.71 million shares valued at N13.84 million.<\/p>\n
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