Equities trading at the Nigerian Exchange (NGX), on Tuesday, records upward momentum, as the All-Share Index rose 0.65 percent to 106,574.98 basis points, pushing the year-to-date return to 3.54 percent.
Bullish sentiment resurfaced in the domestic stock market as gains in Dangote Cement and Transnational Corporation drove the increase in ASI having 5.3 percent and 8.9 percent, respectively.
Consequently, the Month-to-Date and Year-to-Date returns settled higher at +2.0 percent and +3.5 percent, respectively.
Market capitalization mirrored this trend, climbing 0.65 percent to N66.5 trillion, adding N426.38 billion in gains.
As measured by market breadth, market sentiment was positive, as 38 tickers gained relative to 23 losers.
On the performance board, Ellah Lakes and Honeywell Flour Mills led the gainers after their respective share prices appreciated by 10.0 percent and 9.9 percent, while International Energy Insurance and Sovereign Insurance posted the most significant losses of the day having dipped on share value by 9.8 percent and 9.0 percent, respectively.
Sectoral performance was however mixed as Banking, Insurance, and Industrial indices gained by 0.44 percent, 0.19 percent and 2.40 percent, respectively, whereas Consumer Goods and Oil/Gas declined by 0.52 percent and 0.02 percent, respectively. The Commodity index remained flat.
Trading activity slowed, with deal count and total volume down 12.79 percent and 15.63 percent. However, total traded value rose 12.95 percent.
The total volume of trades at the NGX was 478.61 million units, valued at N11.76 billion, and exchanged in 15,561 deals.
Access Holdings was the most traded stock by volume at 38.73 million units, while Transnational Corporation was the most traded stock by value at N2.10 billion.
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