Markets

Nigerian equity market extends gains by 0.19%

The Nigerian equity market extended gain on Tuesday as the benchmark index appreciated by 0.19% to close at 47,482.73 basis points.

The market capitalisation also rose by N47 billion to close the day’s trading at N25,590 trillion.

The market sentiment, however, closed in the negative territory with the market recording 15 gainers relative to 34 gainers at the close of trading.

Investors exchanged 370.54 million shares worth N7.85 billion in 6,045 deals on Tuesday.

Top on the gainers’ table for the day was Seplat Petroleum Development Company which appreciated by N85.90k to close at N945.80k. It was followed by Royal Exchange with a share price appreciation of N0.13k and a closing price of N1.50k and Courteville Business Solutions with a gain of N0.05k to close at N0.60k.

On the losing side, Cutix lost N0.27k to close at N2.43, followed by Learn Africa which lost N0 26k to close at N2.35k and Global Spectrum Energy which lost N0.41k to close at N3.78k.

FCMB emerged as the most active stock for the day with 57.6 million shares followed by Transcorp Nigeria with 45.2 million shares.

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.

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