The market indicators of the Nigerian Stock Exchange (NSE) for the second consecutive day maintained an upward trend with the market capitalisation appreciating by N37 billion, due to price gains.
The News Agency of Nigeria reports that the market capitalisation rose by N37 billion or 0.36 per cent to close at N10.422 trillion against N10.385 trillion achieved on Monday.
Also, the All-Share Index rose by 106.10 points or 0.36 per cent to close at 30,325.11 compared with 30,219.01 posted on Monday.
Forte Oil led the gainers’ table, increasing by N9.90 to close at N289.90 per share.
Glaxosmithkline followed with a gain of N2.04 to close at N39, while PZ Industries appreciated by N1.18 to close at N25.18 per share.
Flour Mills grew by 51k to close at N21.41 and ETI appreciated by 45k to close at N18.75 per share.
Conversely, Unilever recorded the highest price loss to lead the losers’ chart, dropping by N2.17 to close at N44.83 per share.
Guinness trailed with a loss of N2.15 to close at N144, while Beta Glass dipped N1 to close at N43 per share.
Seplat declined by 50k to close at N234.50, while Vitafoam lost 27k to close at N5.12 per share.
Also, the volume of shares traded rose by 134.89 per cent as investors’ staked N3.22 billion on 245.39 million shares transacted in 2,988 deals.
NAN reports that this was against the 104.47 million shares worth N1.93 billion traded in 2,930 deals.
Wema Bank drove the volume of share traded with an exchange of 61.59 million shares worth N60.34 million.
Zenith Bank followed with 37.27 million shares worth N641.06 million, while UBA Capital sold 19.27 million shares valued N25.92 million.
Transcorp traded 18.26 million shares worth N38.02 million, while Africa Alliance Insurance exchanged 18.06 million shares valued N9.03 million.