Equities investors earn N13.5bn as ASI adds 0.1 per cent

Equities investors on Tuesday earned N13.54 billion as trading at the Nigerian Exchange Limited (NGX) ended on the green line.

The Nigerian equities market reversed the previous day’s loss as the All-Share Index (ASI) inched higher by 0.1 per cent to 39,460.68 basis points.

At the close of trading activities on Tuesday, the market capitalisation settled at N20.56 trillion as against N20.55 trillion.

The positive sentiments followed investors’ interests in GTCO, Dangote Sugar and WAPCO as their stocks appreciated by 0.4 per cent, 0.8 per cent and 2.3 per cent, respectively.

Thus, Month-to-Date gain increased to 2.4 per cent, while Year-to-Date loss moderated to -2.0 per cent.

However, as measured by market breadth, market sentiment was negative, as 18 tickers lost, relative to 16 gainers.

On the chart, FTN Cocoa and Courtville recorded the most significant losses of the day, while Morison and Regal Insurance topped the gainers’ list.

On sectors, the Insurance and Oil & Gas indices declined by 0.4 per cent and 0.2 per cent respectively, while the Industrial Goods, Banking and Consumer Goods indices recorded gains by respective 0.1 per cent.

Activities were unimpressive as the total volume of trades declined by 6.9 per cent to 196.81 million units, valued at N1.45 billion, and exchanged in 3,881 deals.

Courtville was the toast of investors as it made the most traded stock by volume at 22.45 million units, while Seplat was the most traded stock by value at N289.45 million.

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Equities investors earn N13.5bn as ASI adds 0.1 per cent