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.

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.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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