NSE equities sustain bullish outlook

Salamatu Ejembi, Lagos

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The logo of the Nigerian Stock Exchange (NSE).
The equities market yet again sustained it’s bullish close on Tuesday, increasing by 0.90 percent.
In today’s transactions, the Market Capitalisation moved from N13,199 trillion realised on Monday, to N13,316 trillion on Tuesday, moving up by 117 billion Naira.
The All Share Index also moved up from Monday’s 27,339.68 basis points to 27,586.93 basis points on Tuesday by 247.25 basis points.
About 446,383 million units of shares were exchanged in 5,727.00 deals at N5,820 billion. Where 26 stocks recorded gains and 20 declined.
United Bank for Africa was the most traded stock with 86,783 million units of shares traded at the value of N709,368 million.
FIDSON HEALTHCARE PLC was the lead on today’s gainers’ chart after opening at N2.55k per share and closing at N2.80k per share, gaining 0.25k or 9.80 percent.
Right after is P Z CUSSONS NIGERIA PLC with an opening price of N5.10k per share and a closing of N5.60k per share, gaining 0.50k or 9.80 percent.
And UNITY BANK PLC followed with an opening price of 0.73k per share, closing at 0.80k per share, gaining 0.07k or 9.59 percent.
On the reverse side however, NCR (NIGERIA) PLC which commenced today’s trading at N4.50k per share, closed at N4.05k per share, thereby leading the decliners by 0.45k or 10.00 percent.
LIVESTOCK FEEDS PLC joined the losers table when it fell from 0.50k per share on Monday to 0.46k per share on Tuesday, losing 0.04k or 8.00 percent.
And COURTEVILLE BUSINESS SOLUTIONS PLC  occupied the third most declining stock when it fell from 0.26k per share to 0.24k per share by 0.02k or 7.69 percent.
All Sectoral indices closed positive with exception of the Oil & Gas Index which depreciated by 0.42%, while the Banking index gained 1.85%, the Industrial Goods index gained 1.60%, the Insurance index gained 1.20% and the Consumer Goods index gained 0.47%.
Suzan O

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