Gains of high capitalised stocks on the Nigerian Stock Exchange (NSE), advanced the equities market by 3.12 per cent on Tuesday as investors gain N374.94 billion.
Positive sentiments and gains of Nestle Nigeria, Dangote Cement, MTN Nigeria, Zenith Bank and Access Bank contributed the bullish trade as market capitalisation closed at N12.40 trillion having advanced by 3.12 per cent, just as the All Share Index closed at 23,809.31 basis points. Accordingly, the Month-to-Date gain increased to 3.4 per cent as Year-to-Date losses moderated to -11.3 per cent.
Market breadth also closed positive as 29 gainers were recorded against seven losers, improved performance when compared with the previous outlook.
Analysing by sectors, the performance was positive as all sector indices gained aside from the Insurance index that lost by 0.3 per cent. The Banking (+2.4%) and Consumer Goods (+2.4%) indices led the gains, followed by the Industrial Goods (+1.6%) and Oil and Gas (+0.7%) indices.
Specifically, Dangote Cement led the gainers’ chart having gained ten per cent to close N143 per share. Neimeth Pharmaceutical followed having gained N0.05 Kobo or 9.3 per cent to close at 59 Kobo per share.
May and Baker topped the losers’ chart having lost 27 Kobo or ten per cent to close at N2.43 Kobo, followed by NPF Microfinance Bank, whose shares declined by 9.6 per cent to close at N1.13 kobo`1.
The total volume of trades increased by 38.2 per cent to 345.18 million units, valued at N4.25 billion and exchanged in 4,689 deals. Guaranty Trust Bank was the most traded stock by volume and value at 54.29 million units and N1.14 billion, respectively.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Osun Discharges Two Children, Six Others After Testing Negative For Coronavirus
Osun State government on Monday night announced the recovery and discharge of eight coronavirus patients including two children from its isolation centre… Read full story
COVID-19: Police Seal Emir Of Daura’s Palace
Police have sealed off the palace of the Emir of Daura, Alhaji Umar Farouk as a result of the monarch’s failure to prevent congestion in the palace. A source who pleaded anonymity stated that the emir assembled over 1,000 people in his palace where he distributed food to them… Read full story
Omowura: Man Who Sat On 200 Needles
Five hundred and thirty five pages in seven chapters girded firmly, front and back, by a Preface, a Foreword, an Afterword and an Acknowledgment! This unusual structure makes this an uncommon biography. The story, if seen as a drama, has all the trappings of a Shakespearean tragedy: There is Ayinla Omowura, the tragic hero… Read full story
S/Korea Begins Payment Of $11.65bn Disaster Relief Money To Households
South Korea on Monday began payment of emergency disaster relief funds totaling 14.3 trillion won (US$11.65 billion) to all households, Reuters reports. The money is enable the households to cope with the economic impact of the coronavirus outbreak… Read full story