NSE: Bank stocks dominate trade as market gains N58.154bn | Ripples Nigeria
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NSE: Bank stocks dominate trade as market gains N58.154bn



The market sustained its bull run Tuesday, appreciating by N58.154 billion as investors’ interest in blue-chip equities rose further.

Buy pressure in bellwethers such as Nestle, GTB, Zenith and Dangote Sugar largely helped the Nigerian bourse to end in the positive territory.

A positive market breadth was recorded as 18 gainers emerged against 10 losers. The All Share Index (ASI) climbed up by 0.49%% to close at 22,727.87 basis points. Similarly, the market capitalisation increased to N11.845 trillion at the end of today’s trade.

Year to date, the index is down by 15.33%


Cornerstone Insurance led gainers, growing by 9.26% to close at N0.59. Lasaco Insurance gained 7.69% to close at N0.28. FCMB rose by 6.25% to N1.70. GTB leapt to N21, notching up 5% in the process. Zenith completed the top 5, climbing up by 4.58% to N14.85.


WAPIC Insurance topped the losers’ table, declining by 7.41% to close at N0.25. Africa Prudential shrank by 5.95% to end at N3.48. Caverton tumbled to N2.35, losing 4.86%. Unilever dipped to N10.50, recording 4.55% loss. International Breweries closed at N4.60, going down by 4.17%.

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266.628 million shares worth N2.753 billion were traded today in 4,259 deals.

UBA was the most preferred stocks today with 48.830 million of its stocks worth N290.171 million traded in 230 deals. 39.122 million units of FBN Holdings shares priced at N172.737 million exchanged hands in 272 transactions. Access traded 34.050 million shares estimated at N213.750 million in 259 transactions. Access had 27.047 million shares valued at N5395.090 million traded in 597 deals. FCMB traded 23.692 million shares valued at N38.176 million in 78 deals.

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