NSE: Index Appreciates By 0.69% To Cross 40,000 Mark

Transactions on the Nigerian Stock Exchange (NSE) on Tuesday maintained the upbeat trend with the All-Share Index recording a growth of 0.69 per cent to cross the 40,000 mark.

The News Agency of Nigeria (NAN) reports that the index advanced by 274.86 points to close at 40,012.66 in contrast to the 39,737.80 achieved on Monday.

Also, the market capitalisation rose by N88 billion to close at N12.85 trillion against the N12.77 trillion recorded on Monday.

Flour Mills recorded the highest price gain, appreciating by N9.51 to close at N104.67 per share.
Total and Guinness came second on the gainers' table, rising by N5 each to close at N170 and N293 per share, respectively.

Presco gained N3.40 to close at N37.40, while PZ Cussons rose by N3.02 to close at N56 per share.
On the other hand, Nigerian Breweries led the price losers, dropping N3 to close at N174 per share.
Larfarge Cement WAPCO lost N1 to close at N98, while Oando dipped by 90k to close at N14.17 per share.

Portland Paint dropped 47k to close at N4.31, while GT Bank decreased 30k to close at N28 per share.

In all, investors exchanged 988.04 million shares valued at N5.70 billion in 7,844 deals.
This was against the 735.29 million shares worth N50.95 billion traded in 6,897 deals on Monday.
IHS emerged the most traded stock, accounting for 299.19 million shares valued at N598.40 million.
Wema Bank trailed with 170.55 million shares worth N202.92 million, while Transnational Corporation of Nigeria sold 103.91 million shares valued at N135.13 million.

NAN also reports that Resort Savings and Loans sold a total of 48.20 million shares worth N24.10 million.

Source: Leadership