Markets
Market gains as Flour Mills top gainers’ list on NSE
The Nigerian Stock Exchange (NSE) closed market with 5,283 deals on Tuesday which is higher than the 4,235 deals it closed with on Monday.
The volume reached 385.59 million units at the close of the market on Tuesday, higher than the 340.80 million units it closed with on Monday.
The value of trades recorded on Tuesday was NGN2,914 billion, lower than the NGN5,560 billion of Monday but the All-Share Index reached 28,980.29 index points, higher than the 28,777.96 All-Share Index of Monday.
The stock market also ended with a NGN15,147 trillion equity capitalisation on Tuesday, higher than the NGN15,041 trillion recorded on Monday.
Flour Mill led the top gainers’ chart after its stock price gained NGN2.3 kobo to close trading at NGN26.5 kobo per share after opening today’s trading with NGN24.2 kobo per share.
Conoil was second on the table, as its stock price gained NGN1.55 kobo to close the market with NGN17.35 kobo per share, having started trading today with NGN15.8 kobo per share.
On the top of the losers’ list is NEM, which had begun trading earlier today at NGN2.06 per share, only to drop in price by -1.46% to close at NGN2.03 per share at the end of trading today.
Wema Bank was second on the chart after closing at NGN0.57 kobo per share from its opening trade price of NG0.58 kobo per share; this represents a drop of -1.72%.
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