Market Indices Add 0.24% As Renewed Bull Run Overturns Two Day Decline

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Trading activities on the floor of the Nigerian Stock Exchange, NSE, closed in the Green on Tuesday, April 26 after a two day downward trajectory, as benchmark Indices rose by 0.24 percent.

Specifically the All-Share Index added 58.76 points to close at 24,823.86 points compared with a loss of 85.01 points to close at 24,765.1 points recorded on Monday.

Similarly, the market capitalization, gained N20.2 billion to close at N8.54 trillion compared to a loss of N29.2 billion or 0.34 percent to close at N8.52 trillion previously.

Cutix Plc led the day’s 22 advancers with a gain of 8.33% or 11 kobo to close at N1.43 per share, Honeywell Flourmills Plc. followed with an increase of 5.19% or 7 kobo to close at N1.42 per share while A,G Leventis garnered 4.88% or 4 kobo to close at 86 per share.

On the other hand, Berger Paints Plc. topped the day’s losers with a decline 4.95% or 46 kobo to close at N8.84 per share trailed by Air Service Plc which decreased by 4.65% or 8 kobo to close at N1.64 per share while Stanbic Plc dipped by 3.76% or 54 kobo to close at N13.76 per share.

Access Bank led the day’s top traders accounting for 54.5 million shares valued at N212.4 million, followed by FBN Holdings which exchanged a total of 31.6 million shares worth N106.9 million, while Zenith Bank sold 24.8 million shares worth N302 million.

UBA and FCMB also traded 17.2 million shares and 13.7 million shares worth N58.3 million and N13.8 million respectively.

In all, investors on the floor of the exchange traded a total of 212.2 million shares worth N1.5 billion in 3,240 deals.

(BIZWATCH)

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