Nigerian stock market rebounds by 0.15%

Positive sentiment returned to the floor of the Nigerian Exchange Limited on Tuesday, as the market capitalisation, after opening at N19.59tn, closed at N19.62tn.

The All-Share Index also appreciated by 0.15 per cent to close at 37,640.75 points, leaving investors with a gain of N28.94bn.

At the close of the day’s trading session, the year-to-date loss of the ASI fell to 6.53 per cent, while the stocks of 28 companies advanced against 18 that declined.

Stocks of Okomu Oil Palm, Cadbury Nigeria, Dangote Sugar Refinery, Zenith Bank and FBN Holdings were the toast of investors as their share prices rose by 4.27 per cent, 9.62 per cent 4.17 per cent, 0.42 per cent and 1.39 per cent respectively.

Of the five indices tracked, the banking, insurance and consumer goods indices closed in the green zone, advancing by 0.25 per cent, 2.22 per cent and 0.29 per cent respectively.

While the oil and gas index fell by 0.86 per cent, industrial index closed flat.

Trading activity was also mixed as total deals and volume of stock traded rose, total value fell.

At the close of trading, the total volume of stocks advanced by 40.07 per cent to 229.00 million units, valued at N2.73bn in 3,678 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

Get in Touch


Please enter your comment!
Please enter your name here

Related Articles