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Bullish sentiment returned on the Nigerian stock market on Tuesday as investors’ net worth appreciated by N102 billion on bargain hunting.
The markets were pushed into gains due to investors’ buy interest in industrial goods, consumer goods, and oil & gas sector stocks.
Market capitalisation closed at N20.266 trillion as the All-Share Index increased by 195.30 points, or 0.50 percent, to close at 38,881.70.
Price appreciation in large and medium capitalised stocks, including Okomu Oil, Dangote Cement, Flour Mills, Dangote Sugar, and Unilever drove the market upturn.
Okomu Oil dominated the gainers’ chart in percentage terms with 10 percent to close at N106.15 per share.
Unilever inched higher by 3.86 percent to close at N12.10, while Cornerstone Insurance appreciated by 3.57 percent to close at 58kobo per share.
Conversely, CWG led the losers’ chart in percentage terms by 9.42 percent to close at N1.25 per share.
Regency Alliance Insurance trailed with 8.16 percent to close at 45k per share.
Caverton Offshore Support Group depreciated by 5.26 percent to close at N1.80 per share.
Also, the total volume of shares traded increased by 3.7 percent to 218.52 million shares valued at N1.59 billion exchanged in 3,630 deals. This was against a total of 210.75 million shares worth N1.49 billion achieved in 3,958 deals on Monday.
Courteville Business Solutions topped the activity chart with 35.82 million shares valued at N7.25 million.
|Index||Opening Price||Closing Price||Change %||Day’s High||Day’s Low|
|CONSOLIDATED HALLMARK INSURANCE PLC||0.61||0.67||9.84||0.67||0.67|
|REGENCY ASSURANCE PLC||0.46||0.50||8.70||0.50||0.50|
|SMART PRODUCTS NIGERIA PLC||0.24||0.26||8.33||0.26||0.26|
|ROYAL EXCHANGE PLC||0.68||0.72||5.88||0.72||0.62|
|CORNERSTONE INSURANCE PLC||0.55||0.58||5.45||0.58||0.55|