Nigeria Stock Exchange Index Up 2.43%, as Linkage, Nascon, Dangote lead gainers


    Nigeria’s equities market commenced August on a positive note after descending in two previous sessions following a 16-session bull run.

    At the end of Tuesday’s trade, the Nigerian Stock Exchange All Share Index (NSEASI) added 2.43 percent to close at 36,720.62 points, pushing year to date returns to 35.8 percent while Market Capitalisation added N302.1billion to close at N12.656 trillion

    The Industrial, Insurance and Consumer Goods indices recorded the highest gains of 1.67 percent, 1.21 percent and 1.19 percent respectively while the Oil and Gas emerged the day’s lone loser with a depreciation of 1.25 percent

    Linkage Assurance topped the gainers with an increase of 9.84 percent to close at 67 kobo, Nascon Allied Industries followed with a gain of 7.97 percent to close at N11.25 and Dangote Cement increased 7.26 percent N240 per share.

    On the flip side, Morison Industries led the losers with a loss of 9.23 per cent. This was followed by Forte Oil which fell 7.62 percent while Eterna lost 5.26 percent to close at N3.60 per share.

    Investors moved a total of 849.6 million shares worth N94.0 billion in 5,602 deals.

    Dangote Cement topped activity chart with the sale of 417.8 million shares worth N87.8 billion, FBN Holdings sold 61.0 million shares worth N367.5 million, and Access traded 39.9 million shares worth N399.6 million.

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