Transactions at the Nigerian Stock Exchange, NSE, on Tuesday, August 8, sustained movements north pushing the value of lead indices up.
As such, the All Share Index grew by 1.26% to settle at 37,999.56 basis point as the bourse recorded its sixth consecutive gain.
Similarly, market capitalization settled at basis points and N13.097 trillion, improving Year to Date returns to 42 per cent.
Market Breadth ended positively with 31 gainers paired against 20 losers. Guinness Nigeria topped the day’s gainers with an increase of 10.25 per cent to close at N79.38 per share. Dangote Flour followed with an appreciation of 10.17 per cent to close at N6.39 per share and Nigerian Aviation Handling Company ended the day with a growth of 10 per cent to close at N3.41 per share.
Market Breadth ended positive with 31 gainers paired against 20 losers, with Guinness Nigeria leading the day’s gainers with a leap of 10.25 per cent to close at N79.38 per share.
Dangote Flour trailed with a surge of 10.17 per cent to close at N6.39 per share and Nigerian Aviation Handling Company ended the day with a growth of 10 per cent to close at N3.41 per share.
FCMB emerged the most traded with a turnover of 20.2 million shares worth N24.3 million, Zenith was next with an exchange of 16.9 million shares valued at N416.5 million and Sterling Bank sold 15.7 million shares worth N15.7 million.
Guaranty Trust Bank accounted for 14.3 million shares valued at N571.8 million, while UBA exchanged a total of 14.2 million shares worth N136.0 million.
CI Leasing improved by 9.09 percent to close at N1.20 while Nestle emerged the top fifth gainer with a growth of 8.96 per cent to close at N1,154.93 per share.
On the flip side, Morison led the laggards’ chart dropping 8.85 percent to close at N1.03 per share, Caverton dropped 8.73 percent to close at N1.15 and Conoil closed 5 per cent lower at N34.58 per share.
Presco also recorded a decline of 4.99 per cent to close at N70.78 per share while Oando emerged the day’s top fifth loser with a decline of 3.85 per cent to close at N7.50 per share.
At the end of trading, volume of shares traded in 5,336 deals by investors, slumped to 218.2m units of shares from 254.5mn units traded on Monday, while value traded fell slightly to N5.1bn from N5.8bn worth of shares transacted in 4,600 deals previous session.
