NSE market rally boosts index by 0.55%

Equity transactions on the Nigerian Stock Exchange (NSE) on Tuesday ended in the upbeat note with the market indices appreciating by 0.55 per cent.

The market capitalisation appreciated by N68 billion or 0.55 per cent to close at N12.461 trillion from the N12.393 trillion achieved on Monday.

The All-Share Index rose by 214.09 points or 0.55 per cent to close at 38,961.60 against the 38,747.51 posted on Monday.

Analysis of the price movement indicated that Nigeria Breweries topped the gainers' chart with N5.86 to close at N167 per share.

WAPCO followed with N5 to close at N111, while Dangote Cement gained N4.97 to close at N200 per share.

Cadbury appreciated by N1.68 to close at N63.68, while Guinness rose by N1 to close at N260 per share.

On the other hand, Nestle led the losers' table by N45.10 to close at N1, 129.90 per share.

Flourmill trailed with a loss of N6.72 to close at N85.08, while CAP lost by N1.55 to close at N48.45 per share.

Okomu Oil shed 50k to close at N42.50, while ETI dropped 40k to close at N14.60 per share.

The volume of shares traded increased by 3.69 per cent as 701.33 million shares worth N3.30 billion were traded in 5,393 deals.

This was against the 676.39 million shares valued at N3.49 billion traded in 4,776 deals on Monday.

Unity Bank was the toast of investors, accounting for 432.35 million shares worth N221.17 million.

Transcorp came second on the activity chart with 49.95 million shares valued at N200.45 million, while Zenith Bank sold 24.89 million shares worth N523.65 million.