Nigerian stocks on Tuesday sustained their positive outlook to begin the week on a progressive note as the key performance measure, NSE ASI, rose further by 0.80 per cent.
The market breadth however closed negative as the number of gainers at the close of trading session was 19 while decliners closed at 20. On the activity chart, the insurance sub-sector dominated in volume terms with 343.32m shares exchanged in 404 deals. The sub-sector was enhanced by the activities in the shares of AIICO Insurance Plc and Lasaco Assurance Plc.
Further analysis of the day’s trading showed that Jaiz Bank Plc led the gainers with 10 per cent to at 66 kobo per share while NEM Insurance Plc followed with 9.56 per cent to close at N.49 per share and Lasaco Assurance Plc with a gain of 8.82 per cent to close at 37 kobo per share.
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