Transactions on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, December 13, continued movements north.
As such, the All Share Index added 253.47 points to close at 26,071.16 points from 25,817.69 points recorded last Friday, while Year-to-date returns settled at –8.98 percent.
Overall performance was buoyed by a growth of 6.3 percent in oil and gas index was not unconnected to the surge in oil prices following the implementation of the global output cut deal.
Market breadth closed positive with 23 gainers to 14 losers. Seplat Petroleum Development Company led the advancers for the day by 10.25 percent to close at N374.85 per share, while Forte Oil followed with an appreciation of 10.24 to close at N117.11 per share.
Champion Breweries grew by 9.66 percent to close at N2.61 per share, Dangote Flour added 7.63 percent to close at N4.09 per share while Oando increased 6.73 percent to close at N4.44 per share.
Conversely, Avon Crown Caps and Containers led the day’s declining stocks with a loss of 5 percent to close at N1.14 per share, Portland Paints trailed with 4.80 percent decline to close at N2.18 per share while, Union Bank dropped 4.70 percent to close at N4.26 per share.
Axamansard Reinsurance Shed 4.68 percent to close at N1.63 per share while Fidson Healthcare Pharmaceuticals fell 4.32 percent to close at N1.33 per share.
At the close of market session, equity investors had in 2,885 deals exchanged N376.7 million shares worth N2.4 billion.
