NSE Index ended 2013 with 47.19% returns

The Nigerian Stock Exchange closed the year 2013 high after the NSE All-Share Index closed above 41,000 basis points.

On Tuesday, the NSE ASI appreciated by 2.12 per cent or 857.06 basis points to close at 4. 41,329.19 basis points, compared to an appreciation of 0.59 per cent on Monday.

Also, the market capitalisation of the listed equities rose by 2.12 per cent or N247.27bn to close at N13.24tn.

In terms of sectoral indices, the NSE Banking Index recorded the best performance as it rose by 3.77 per cent. On the flip side, the NSE Insurance Index fell by 0.65 per cent, in what was the biggest sectoral loss for the day.

The market turnover appreciated by 32.72 per cent as a total of 562.442 million shares, worth N3.914bn, were traded in 3,710 deals on Tuesday.

In all, a total of 42 stocks recorded price appreciation while 16 stocks recorded price depreciation.

Forte Oil Plc led the gainers after 562.442 million of its shares valued at N3.914bn were traded in 3,710 deals.

Oando Plc followed with a gain of N2.25 to close at N24.25 per share, up from N22.00 per share, while Zenith bank Plc appreciated by N2.53 kobo to close at N27.40 per share from N27.40 per share.

Also, Africa Prudential Registrars Plc gained 30 kobo to close at N3.32 kobo.

The equities segment of the Nigerian Stock Exchange had also closed positive on Monday, boosted by price appreciation in 42 stocks.

The session, the second after the Christmas break, saw the market capitalisation of the listed equities rise by 0.59 per cent or N77bn to close at N12.952tn – N48tn short of the N13tn mark.

Similarly, the NSE All-Share Index appreciated by 0.59 per cent or 240.45 basis points to close at 40,472.13 points; continuing its impressive run in 2013.

Year-to-date return currently stood at 44.14 per cent with one trading session left before New Year.

The sectoral indices also showed positive performances on Monday.

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