Market capitalisation similarly closed higher at N12.704 trillion as equities investors on the floor Nigerian Stock Exchange (NSE) on Tuesday, gained N41.3 billion.
Market breadth reversed figures to favor gainers with a 1.67 ratio of 15 losers against 25 gainers, Nigerian Breweries made the highest gain with four naira to each share which closed at N161, while Dangote Cement shares led the decliner’s chart having lost 99 kobo to close at N219 per share.
Volume and value of trades both declined by 21.17 per cent and 32.93 per cent respectively from their previous trading levels, 199.90 million shares worth N1.8 billion was traded in 3,657 deals.
The insurance and industrial sector indices recorded negative daily changes while all other indices other than ASEM and Oil&Gas that remained unchanged from the previous trading session closed positive.
On the value and volume bases for equities’ market performance rankings for the day, banking stocks dominated both charts as United Bank for Africa, Access Bank, Fidelity Bank, Zenith Bank, Jaiz Bank made up the top five entries for the latter while Guaranty Trust Bank, Zenith Bank, United Bank for Africa, Access Bank, and UACN made up the former.
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