Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, February saw a breather after an extended losing streak suffered by the bourse.
As such, the All-Share Index, ASI, scaled up by 0.38% or 160.22 points to settle at 42,148.40 points, bringing year-to-Date (YtD) return to close at 10.21 percent. Meanwhile the market capitalisation surged by N57.5 billion to finish at N15.126 trillion.
However, despite the surge in value of lead indices, market breadth closed negative with 40 losers paired against 18 gainers. Nestle soared by N38.20k to close at N1380 per share, while Dangote Cement appreciated by N8.70k to finish at N260 per share.
Furthermore, PZ Cussons surged by N1.15k to settle at N24.15k per share, Cadbury Nigeria progressed by 75k to end at N15.85k per share, while Red Star Express rose by 25k to finish at N6 per share.
Conversely, Total Nigeria dropped N11.40k to close at N217.60k per share, while Conoil slumped by N3.80k to finish at N35.50k per share.
International Breweries crashed by N2.95k to settle at N56.5k per share, GlaxoSmithKline shed N1.5k to finish at N20.15k per share, while NASCON depreciated by N1 to close at N20 per share.
FBN Holdings was the day’s most active stock, trading a total of 115.5 million shares valued at N1.3 billion.
It was followed by Japaul Oil, which sold 97.3 million shares worth N33.2 million, and Diamond Bank, which traded 41.4 million equities for N103 million.
Transcorp exchanged 30.5 million shares worth N61.4 million, while FCMB transacted 28.5 million equities for N68.8 million.
At the close of the day’s transactions, volume and value of equities exchanged by investors increased by 77.69 percent and 102.56 percent respectively.
Also, a total of 510.3 million shares worth N4.6 billion were traded by investors in 5,757 deals compared with 287.2 million equities exchanged on Monday in 4,646 deals valued at N2.3 billion.
