NSE appreciates in cautious trading – Independent Observers

NSE appreciates in cautious trading

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By Tunde Niyi-Akinmade

The Nigerian Stock Exchange (NSE) All-Share Index on Tuesday increased by 43.72 points or 0.14 per cent in cautious trading.

Also, the market capitalisation which opened at N11.981 trillion increased by N17 billion to close at N11.998 trillion.

Some market analysts said that investors are still treading cautiously due to sensitive political landscape.

A breakdown of the price movement table shows that NASCON recorded the highest price gain of 80k to lead the gainers’ table to close at N20 per share.

Dangote Flour followed with a gain of 60k to close at N11, while Guaranty Trust Bank appreciated by 40k to close at N37.60 per share.

Union Bank of Nigeria grew by 30k to close at N7, while Zenith Bank added 20k to close at N24.70 per share.

On the flip side, Dangote Cement topped the equity price losers’ table, shedding N1 to close at N196 per share.

Redstar Express trailed with a loss of 50k to close at N5, while Caverton lost 15k to close at N2.30 per share.

Custodian and Investment also declined by 15k to close at N5.90, while UACN went down by 15k to close at N8.10 per share.

Also, the volume of shares traded improved by 75.45 per cent, while the value of shares transacted rose by 32.57 per cent.

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