Business Update: Nigeria’s Stock Market Opens December With N55bn Gain

The Nigerian Stock Exchange (NSE) on Tuesday resumed the month of December on a positive trend as market capitalisation appreciated by N55.167 billion to close at N18.36tn from N18.31tn. The All-Share Index grew by 105.48 basis points or 0.30 percent from 35,042.14 index points the previous trading session to 35,147.62.

The Nigerian Stock Exchange (NSE) on Tuesday resumed the month of December on a positive trend as market capitalisation appreciated by N55.167 billion to close at N18.36tn from N18.31tn.

The All-Share Index grew by 105.48 basis points or 0.30 percent from 35,042.14 index points the previous trading session to 35,147.62.

Although, trade ended on the NSE with a negative breadth as there were 21 losers and just 16 gainers.

The Nigerian Stock Exchange (NSE) on Tuesday resumed the month of December on a positive trend as market capitalisation appreciated by N55.167 billion to close at N18.36tn from N18.31tn. The All-Share Index grew by 105.48 basis points or 0.30 percent from 35,042.14 index points the previous trading session to 35,147.62.

On the activity chart, premium subsector dominated in volume terms with 113.8 million shares exchanged in 1,375 deals. The subsector was enhanced by the activities in the shares of Access Bank Plc and FBNH Plc.

The banking subsector was boosted by the activities on the shares of GTBank Plc and Fidelity Bank Plc followed with 55.64 million units traded in 982 deals.

A total of 308.181 million shares were traded by investors in 4,515 deals.

Caverton Plc led the gainers chart with 9.88 percent to close at N1.89 per share, while Cutix Nigeria Plc followed with 9.80 percent to close at N1.68 per share and AIICO Insurance Plc with a gain of 9.78 percent to close at N1.01 per share.


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