NSE Index Appreciates Marginally As Sterling Bank, Unilever, Mobil Top Gainers

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The All-Share Index of the Nigerian Stock Exchange on Tuesday recorded marginal growth, appreciating by 0.02 per cent increasing by 3.99 points to close at 23,981.01 compared with 23,977.10 posted on Monday.

In the same vein, the market capitalisation grew by N1 billion to close at N8.247 trillion against N8.246 trillion recorded on Monday.

The market recorded 19 gainers today led by Sterling Bank with a gain of N0.14 or 8.19 per cent to N1.85 followed by Unilever with a gain of N1.59 or 4.99 per cent to close at N33.43 while Mobil gained N6.99 or 4.82 per cent to close at N152.00 per share.

Seplat grew by N5 to close at N250 per share while Unilever improved by N1.59 to close at N33.43 and Nigerian Breweries gained 86k to close at N96.06 per share.

On the other hand, UACN led the losers’ chart with a loss of N1.30 to close at N19.86 per share.

ETI came second having dipped 70k to close at N15, while Union Bank lost 17k to close at N5.05 per share.

FBN Holdings dropped 14k to close at N3.78 and Zenith Bank also shed 14k to close at N12.59 per share.

The Financial Services sector remained the toast of investors with FCMB Group emerging the most traded equity with a total of 43.65 million shares worth N48.43 million in 106 deals.

Diamond Bank accounted for 28.65 million shares valued N48.43 million exchanged in 44 deals and GT Bank sold 14.17 million shares worth N231.08 million traded in 198 deals.

UBA came fourth with a turnover of 13.43 million shares valued N37.58 million transacted in 199 deals and investors staked N48.36 million on 12.38 million shares of FBN Holding in 278 deals.

In all, a total of 169.50 million shares worth N1.52 billion were traded by investors in 3,020 deals.

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