Investors stake N303m on UBA shares

By citybusinessnews@yahoo.com –

The slidding mood on the floor of the Nigerian Stock Exchange (NSE) came under control on Tuesday as the All-Share Index gained 118.89 points or 0.33 per cent to close at 36,531.62, compared with 36,412.73 recorded on Monday.

Also, the market capitalisation increased by N41 billion or 0.33 per cent to close at N12.574 trillion against N12.533 trillion achieved on Monday.

Specifically, the financial services sector maintained its top position with the United Bank for Africa emerging the most active stock for the day, trading 33.58 million shares worth N303.02 million.

Access Bank followed with 21.65 million shares valued at N215.42 million and Fidelity Bank traded 20.69 million shares worth N31.37 million.

Zenith International Bank exchanged 12.12 million shares valued at N308.88 million, while Jaiz Bank sold 11.38 million shares worth N7.37 million.

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Nigerian Breweries lead the gainers’ table, appreciating by N4 to close at N161 per share while NASCON followed with a gain of N1.33 to close at N14.33 and UACN garnered 62k to close at N17.51 per share.

Dangote Sugar appreciated by 39k to close at N14.39, while Dangote Flour increased by 25k to close at N7.15 per share.

On the flip side, Dangote Cement dropped by 99k to close at N219 per share while Cadbury followed with loss of 50k to close at N10 and C & I Leasing dipped 9k to close at N1.71 per share.

At the end of the day’s transaction, the volume of shares traded closed lower with 21.17 per cent as investors bought and sold 199.86 million shares valued at N1.81 billion in 3,657 deals.