Nigerian Stocks Up 0.28%, as Ashaka Cement top gainers

Date:

Equities transactions on the Nigerian Stock Exchange (NSE) sustained a positive trend on Tuesday for the second consecutive day with the market indicators appreciating further by 0.28 percent.

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The All-Share Index rose by 71.82 points or 0.28 percent to close at 25,818.87 while the market capitalisation added N25 billion to close at N8.933 trillion.

Ashaka Cement led the gainers’ table, growing by 10.19 percent to close at N9.95 per share.

UAC-Prop came second with a gain of 9.71 percent to close at N1.92, while Fidson appreciated by 9.38 percent to close at N1.05 per share.

The day’s sustained growth was attributed to investor’s positive reactions to first quarter earnings reports released by some companies.

On the other hand, Champion Breweries recorded the highest loss for the day, dropping by 4.86% to close at N2.35 per share.

Learn Africa followed with a loss of 4.65 percent to close at 82k and Livestock Feeds 4.62 percent to close at 62k per share.

FCMB Group emerged the most traded, accounting16.42 million shares worth N16.45 million.

NEM Insurance followed with 15.75 million shares valued at N13.06 million and Transcorp traded 12.54 million shares worth N11.68 million.

Zenith International Bank sold 9.04 million shares valued at N132.97 million, while UACN sold 8.70 million shares valued at N126.16 million.

In all, volume of shares transacted closed lower as investors bought and sold 127.43 million shares worth N909. 33 million exchanged in 3,176 deals. This was in contrast with a turnover of 211.76 million shares valued at N1.41 billion sold in 3,054 deals on Monday.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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