Nigerian Stock Exchange Market indices up by 0.10%


Transactions on the Nigerian Stock Exchange on Tuesday rose marginally with indices increasing by 0.10 per cent.
Market capitalisation rose by N14 billion or 0.10 per cent to close at N14.738 trillion against N14.724 trillion on Monday.
Also, the All-Share Index which opened at 40,763.93 rose to 38.85 points or 0.10 per cent to close at 40,802.78 following Nestle gain.
An analysis of the price movement table showed that Nestle led the gainers’ table with N71.10 to close at N1, 493.60 per share.
Forte Oil followed with a gain of N4 to close at N43.30, while Zenith International Bank added 70k to close at N27.90 per share.
Dangote Sugar increased by 45k to close at N21, while Dangote Flour grew by 35k to close at N13.70 per share.
Conversely, Nigerian Breweries topped the losers’ chart with a loss of N4.70 to close at N125 per share.
Conoil trailed with a loss of N1.65 to close at N31.80, while Julius Berger declined by N1.35 to close at N25.65 per share.
GlaxosmithKine depreciated by N1.20 to close at N23.30, while Stanbic IBTC shed N1.10 to close at N48.90 per share.
Transcorp drove the activity chart with an exchange of 35.38 million shares worth N66.22 million.
Zenith Bank followed with an account of 24.57 million shares valued at N682.21 million, while Caverton traded 19.39 million worth N52.35 million.
FBN Holdings exchanged 19.39 million shares valued at N259.29 million, while Guaranty Trust Bank sold 18.52 million shares worth N805.26 million.
In all, the volume of shares traded closed lower with a total of 246.58 million shares valued at N3.22 billion transacted in 4,918 deals.
This was in contrast with 530.22 million shares worth N7.77 billion traded by investors in 4,567 deals on Monday.

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Samson Gbenga Salau [Editorial Board Adviser] Gbenga Samuel Salau is a professional journalist with over 17 years experience in journalism, he is a graduate of Communication and Language Arts, University of Ibadan. On completion of his youth service, he joined The Guardian as a freelance journalist and was later absorbed as a staff. While in the University, he was a campus journalist reporting for the Independence Hall and Faculty of Arts Press Clubs. As a campus journalist, he won the following awards; Independence Hall Press Best News writer; University of Ibadan Union of Campus Journalists’ Best News Reporter/Writer; First Runner-up, Reuben Abati Award for Investigative Journalism; Association of Faculty of Arts Students’ Press Best Reporter; University of Ibadan Union of Campus Journalists’ Best Political Writer; Winner, Reuben Abati Award for Investigative Journalism, and University of Ibadan Union of Campus Journalists’ Best Interviewer. He served the Association of Communication and Language Arts Students, as the Public Relation Officer, the same year he was appointed the News Editor of the Association of Faculty of Arts Students Press. The following session, he was made the General Editor, and a member of the 13-man University of Ibadan Students’ Union Transition Committee. As a reporter in The Guardian, in 2014, he won the Promasidor Quill Award Best Report on Nutrition and DAME Business Reporting category. In the 2015 edition of the Promasidor Quill Award, he won the best Report on Nutrition and Brand Advocate Categories, while in 2016, he won the NMMA Print Journalist of the Year, first runner-up Golden Pen Reporter of the Year and SERAs CSR Awards. Gbenga Salau loves traveling, reading, and listening to songs with good lyrics no matter the genre.

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