Categories: Business and Banking

OkomuOil leads capital market gain as indices appreciate by 0.27%

Trading on the Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday, with OkomuOil leading the gainers’ table for the day.

The News Agency of Nigeria (NAN) reports that the crucial market indicators appreciated marginally by 0.27 per cent.
Market observers attributed the growth to the price gains made by some blue chips, which they said may not be sustainable due to profit taking by investors and the fast approaching elections.

Specifically, the market capitalisation rose by N35 billion or 0.27 per cent to close at N12.573 trillion against N12.718 trillion on Monday.
Also, the All-Share Index rose by 96.18 points or 0.27 per cent to close at 34,933.68 compared with 34,837.50 posted on Monday.

OkomuOil gainws N2.4 to close at N79.9 to lead the gainers’ chart, while GTBank and Zenith Bank followed with gains of 55k each to close at N37.05 and N21.9 per share respectively.
FBNH improved by 3k to close at N9.15, while Custodian appreciated by 24k to close at N5.41 per share.

On the other hand, Nigerian Breweries topped the losers’ chart, shedding N2 to close at N93 per share.
PZ Cussons trailed with a loss oN1.5 to close at N13.5, while UACN declined by 9k to close at N11.2 per share.
Forte Oil was down by 85k to close at N19, while Fidson lost 6k to close at N5.4 per share.

The volume of shares traded rose by 82.82 per cent, while value of shares transacted increased by 15.18 per cent.
NAN reports that investors traded a total 240.460 million shares valued at N3.40 billion in 3,400 deals.
This was against the 131.531 million shares worth N3.13 billion exchanged in 3,080 deals on Monday.

United Bank for Africa was the most active stock, exchanging 54.44 million shares worth N436.03 million.
Access Bank followed with an account of 38.45 million shares valued at N359.44 million, while Stanbic IBTC traded 35.23 million shares worthN1.68 billion.
GTBank sold 15.75 million shares valued at N576.77 million, while AIICO Insurance exchanged 14.31 million shares worth N14.16 million

OkomuOil leads capital market gain as indices appreciate by 0.27% was last modified: September 4th, 2018 by Francis Belux
Francis Belux

Francis Mbeto Belux is a author and Journalist from Akwa Ibom. He published content from the News Agency of Nigeria(NAN). He is a graduate of Journalism from ESUT and a sports Enthusiast.

Share
Published by
Francis Belux
Tags: Capital market gain

Recent Posts

  • Politics

Nigerian Army issues Strong threat, reveals what it will do to Political Thugs

The Nigerian army has issued a strong warning to Political thug plotting to cause mayhem on February 23rd, the new…

40 mins ago
  • Politics

President Buhari should Stop War Mongering by Mike Ozekhome (SAN)

Below is an article by Chief Mike Ozekhome, SAN, OFR, PhD, a constitutional lawyer and Human Rights Activist; "A statement…

1 hour ago
  • Politics

BREAKING: DSS invites INEC National commissioner, Prof. Okey Ibeanu

PoliticsNGR earlier today learned that Professor Okey Ibeanu, a commissioner of the Independent National Electoral Commission, INEC has been invited…

2 hours ago
  • Press Releases

How Atiku ‘bribed’ Secondus with Intels Shares to secure PDP Ticket [DOCUMENTS]

PoliticsNGR is in possession of documents revealing how the Presidential Candidate of the Peoples Democratic Party, PDP, Atiku Abubakar allegedly…

5 hours ago
  • News

JUST IN: Nigerian Customs reacts to shooting of Civilian in Viral Video

PoliticsNGR has been furnished with a statement from the Nigerian Customs signed by its Public Relations Officer, Joseph Attah on…

2 days ago
  • Politics

BREAKING: National Assembly Postpones Resumption (REASONS)

The National Assembly has announced the postponement of its resumption scheduled for Tuesday, February 19 to Tuesday, February 26. The…

2 days ago