DEC 11, 2018: REVERSE AT NIGERIAN STOCK EXCHANGE

The Nigerian Stock Exchange on Tuesday closed on the reverse gear from the trend it started the week with on Monday.

The All share index closed up 0.34% to 30,718.72 compared to Monday's 0.82% decline .

Dangote Cement was part of the top 5 gainers on Monday that tried, unsuccessfully to push the ASI upwards but this time, it led the successful surge upwards that reversed closing direction.

From Monday's N184.2 per share, DangCem had stayed on course upwards by first rising to day low of N184.5 before closing at N185.5 per share, up N1.3 or 0.71% per share.

DangCem closed with 60 deals for 1.556m shares worth N287.257m while staying well ahead of Flour Mills follow up on the top 5 price gains with N1 or 5% rise per share as 0.427m share were exchanged for N8.721m.

Actually, there was nothing much in the day to pressurise the ASI downwards. Of the 16 drops recorded, none was up to N1 per share.

Top drop was Cement Company of Northern Nigeria down N0.5 or 3.03% per share while witnessing 27 deals for 0.481m shares exchanged for N7.735m.

In the end. 2933 deals were struck on Tuesday for 215.380m shares valued at N3.398bn compared to 3193 deals involving 164.994m shares worth N1.666bn.

Zenith Bank dominated all trading indicators with 313 deals struck for 58.298m offloaded for leading N1.346bn. Zenith however, only ended N0.1 per share up.

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