Home Markets Bulls retain grip as stock investors record N3bn gain

Bulls retain grip as stock investors record N3bn gain


Trading in the shares of Seplat, Unilever, Flourmill and Dangote Sugar has boosted the Nigerian Stock Exchange (NSE) market indices by 0.22 percent.

The equity market segment of the nation’s Bourse on Tuesday, consolidated on the growth it commenced trading on Monday by sustaining its upward trend.

Specifically, the All-Share Index improved on the daily trading by 95.84 absolute points or 0.22 percent. The market closed with 43,609.77 from 43,513.93 recorded on Monday.

Similarly, the Market Capitalization recorded a marginal N3 billion gain, representing a growth of 0.22 percent to close at N15.66 trillion from N15.63 trillion in commenced trading.

Further checks on the trading statistics showed that 26 stocks recorded gains as against eight stocks that made-up the losers’ table with Regalins (Insurance firm) leading  seven others losers with four kobo or 9.09 percent loss to close at 40 kobo from 44 kobo on Monday.

 It was trailed by Multiverse, with a value erosion of two kobo or 7.41 percent from 27 kobo to 25 kobo per share, while Wema Bank dipped five kobo or five percent to close at 95 kobo against one kobo per share.

However, Unilever led on the gainers’ table with N5.50 or 10.75 percent to close at N59.60 from N54.10 per share.

It was trailed by Caverton, which rose by 24 kobo or 9.88 percent to close at N2.67 per share and Japaul Oil with six kobo value addition to close at 75 kobo from 69 kobo.

In all, investors bought and sold 445.50 million shares in 5,078 deals.