The bulls consolidated their hold on the local stock market on Tuesday, with a 0.20 percent gain fueled by gains in the stock prices of Lafarge Africa, BUA Cement, Honeywell Flour, and 13 other companies.
The increase in cement stock prices increased the industrial goods sector by 1.21 percent at the close of trading, while the insurance counter increased by 0.17 percent. The consumer goods sector increased by 0.14 percent, the banking index increased by 0.03 percent, and the energy sector decreased by 0.38 percent.
When trading on the Nigerian Exchange (NGX) Limited floor ended for the day, the All-Share Index (ASI) was up 96.46 points to settle at 48,366.69 points, up from 48,270.23 points the previous day, while market capitalisation increased by N52 billion to N26.344 trillion from N26.292 trillion.
According to Entrepreneurng, the activity chart was in the red yesterday, as trading volume, value, and a number of deals all fell by 71.37 percent, 14.76 percent, and 8.52 percent, respectively.
This was due to investors trading 184.7 million shares worth N3.6 billion in 3,189 transactions, compared to 645.0 million shares worth N4.2 billion traded in 3,486 transactions in the previous trading session.
FBN Holdings was the most active stock on Tuesday, trading 66.1 million units, followed by Transcorp, which traded 36.6 million units. Geregu traded 17.5 million shares, Access Holdings 7.4 million shares, and RT Briscoe 5.6 million shares.
Honeywell Flour led the gainers’ table yesterday, rising 8.06 percent to N2.28, followed by Champion Breweries, which rose 7.14 percent to N3.75, Ecobank, which rose 4.98 percent to N10.55, Lasaco Assurance, which rose 4.71 percent to 89 Kobo, and RT Briscoe, which rose 4.00 percent to 26 Kobo.
On the other hand, UPDC led the list of 13 price losers, falling 7.07 percent to 92 Kobo, and was followed by Wema Bank, which fell 6.12 percent to N3.22. FTN Cocoa fell 3.33 percent to 29 Kobo, Coronation Insurance dropped 2.63 percent to 37 Kobo, and Oando fell 2.50 percent to N3.90.
