Equities trading at the Nigerian Exchange Limited (NGX) on Tuesday was positive as the benchmark index closed 0.19 per cent stronger to settle at 46,777.37 basis points.
Bullish sentiments resurfaced in the domestic bourse, as bargain hunting in Tier-1 banking drove the benchmark index higher.
Specifically, Zenith Bank, Guaranty Trust Holding Company, Access Holdings and United Bank for Africa pushed their weight behind the overall bullish trade as their respective shares appreciated by 3.4 per cent, 2.5 per cent, 2.5 per cent, 1.6 per cent and 1.3 per cent.
Consequently, the Month-to-Date loss of the All Share Index (ASI) moderated to -0.4 per cent, while the Year-to-Date return increased to +9.5 per cent.
Equities investors, therefore gained N48.3 billion as the market capitalisation closed the day at N25.22 trillion.
Market breadth, however, closed negative with declining issues outnumbering advancing ones. NPF Microfinance Bank led 19 others on the laggard’s table having depreciated by 9.64 per cent, while Meyer topped 17 others on the gainer’s log after its share price appreciated by 8.86 per cent.
Performance across sectors was mixed, as the Banking and Oil & Gas indices advanced by 1.7 per cent and 1.4 per cent respectively, while the Insurance, Consumer Goods, and Industrial Goods indices declined by 0.9 per cent, 0.3 per CNET and 0.1 per cent respectively.
Analysis of market activities for the day showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 21.32 per cent.
A total of 257.41 million shares valued at N2.34 billion were exchanged in 4,410 deals. Fidelity Bank led the volume chart with 67.43 million units traded, while Guaranty Trust Holding Company led the value chart in deals worth N341.23 million.
IN CASE YOU MISSED THESE FROM NIGERIAN TRIBUNE
- ‘Officials initially offered to help but when the number of able-bodied citizens at the centre increased, they left us unattended to’
- Why Ogun Tops List Of ‘Yahoo Boys’ In Nigeria ― Governor Abiodun
- Police, Amotekun after criminals on Lagos-Ibadan expressway
- Suspected cannibal pays N500,000 for boy’s human organs, says ‘that’s my favourite meal, especially the throat’
- Court awards Nnamdi Kanu N1 billion over invasion of his home by military, asks FG to apologise
YOU SHOULD NOT MISS THESE FROM NIGERIAN TRIBUNE
Buhari Urges MTN For Quality Service, Downward Price Review In Cost Of Data, Other Services
President Muhammadu Buhari Friday at State House Abuja urged the MTN Group to make the available top-of-the-range service to its Nigerian subscribers…
We Have Not Had Water Supply In Months ― Abeokuta Residents
In spite of the huge investment in the water sector by the government and international organisations, water scarcity has grown to become a perennial nightmare for residents of Abeokuta, the Ogun State capital. This report x-rays the lives and experiences of residents in getting clean, potable and affordable water amidst the surge of COVID-19 cases in the state…
and then