Business
NSE: Bullish run ends as profit-taking draws market capitalisation down
Profit-taking activities in some blue-chip stocks caused the market capitalisation of the Nigerian Stock Exchange to close lower at N12.975 trillion Tuesday, halting the one-week old bullish period that began last Tuesday. The All Share Index (ASI), plunged simultaneously to 26,883.33, implying a 0.56% fall from the figure recorded yesterday. The index is down by 14.43% year to date.
TOP 5 GAINERS
Dangote Sugar advanced for the second consecutive day, growing by 5.80% to N14.6 at the Close of Business on Tuesday. Nigerian Breweries followed, rising by 0.79% to end the day at N50.9. Marginally climbing up by 1.96%, Flour Mills closed Monday’s trade at N18.2. Fidson recorded 7.14% appreciation, which made it close at N3.75. GTB maintained its winning streak for yet another day as it added 0.68% to end today’s business at N29.8.
READ ALSO: Naira may shed value as another trade deficit threatens Q3
TOP 5 LOSERS
MTN topped the losers’ chart today with a closing price of N118, translating to 1.67% loss. Unilever tumbled by 6.9% to N16.3. The price of Access Bank shares went lower as it did yesterday to N9.30, shedding 5.10% in the process. Dangote Cement lost 0.28% to close at N144. UBA completed the league of top losers, plunging by 4.08% to close the day at N7.05.
TOP 5 TRADES
United Capital dominated Tuesday’s trade with 24.807 million of its shares worth N60.346 million traded in 94 deals. Zenith Bank traded 24.111 million shares estimated at N446.972 million in 480 deals. 18.887 million units of Dangote Sugar’s shares exchanged hands in 273 transactions valued at N272.680 million. GTB recorded trade worth N530.090 million on 17.807 shares in 247 deals. FBN Holdings completed the top five stocks on the activity chart 14.555 million shares traded in 306 deals valued at N101.088 million.
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