Business
Airtel, FMN, MTN rally as investors gain N259.45bn
The All-Share Index (ASI) appreciated by 1.21 percent to close at 41,584.94 index points at the end of Tuesday’s trading.
In an impressive performance, a total volume of 467.8 million units of shares in 5,990 deals and valued at N5.5 trillion exchanged hands as market capitalization settled at N21.7 trillion.
Market breadth ended on a positive note with 32 gainers against 18 losers, an improvement from Monday’s trading.
Airtel Africa led the gainers’ table as its share increased by 7 percent to N920 from N855 recorded on Monday.
Flour Mills Nigeria (FMN) share price also increased by 6.25 percent from N32 to N34.
WAPCO shares also rose by 3.77 percent from N26.5 to N27.5 while MTNN shares increased by 0.53 percent from N170 to N170.9.
READ ALSO: Stock market opens week on positive note
FIDSON completed the list of gainers in Tuesday’s trading after its share price increased by 8.60 percent from N4.65 to N5.05.
On the other side of the coin, SEPLAT led the losers’ chart after its share price dropped by 9.26 percent from N540 to N490.
Zenith Bank share price also dropped by 0.94 percent from N26.5 to N26.2 on Tuesday.
Other losers are CUTIX whose share price fell by 7.8 N2.26 to N2.1, Cadbury N9.75 to N9.6 and AFRIPRUD N7.13 to N7.
Transcorp, Mansard and Sovereign Trust Insurance were the most active stocks on Tuesday while Airtel Africa and Zenith Bank topped the market value list.
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