The Nigerian bourse sustained the previous day’s positive trading, as the All-Share Index (ASI) advanced by 1.1 per cent to 43,730.55 basis points.
On Tuesday, at the Nigerian Exchange Limited (NGX), the sustained positive sentiments were supported by sustained buying interest in large caps, MTN Nigerian and Airtel Africa as the value of their respective shares added 3.9 per cent and 2.6 per cent.
Consequently, the Month-to-Date and Year-to-Date gains increased to 4.0 per cent and 8.6 per cent, respectively.
Thus, investors earned N252 billion as the market capitalisation settled at N22.8 trillion at the end of the day’s trading activities.
As measured by market breadth, market sentiment was positive as 24 tickers gained relative to 16 losers.
On the performance chart, ABC Transport and FTN Cocoa recorded the most significant gains of the day as the value of their respective shares appreciated by ten per cent, while Berger Paints and Caverton topped the losers’ list having recorded a decline in the value of their respective shares by 9.5 per cent and 9.1 per cent.
Across sectors, gains in the Industrial Goods, Consumer Goods, Oil & Gas, and Banking indices reflected the overall market performance. However, the Insurance index declined by 0.3 per cent.
However, activities at the local bourse for the day was unimpressive as the total volume of trades decreased by 35.5 per cent to 280.71 million units, valued at N3.48 billion, and exchanged in 4,342 deals.
Sterling Bank was the toast of Investors as it made the most traded stock by volume at 18.31 million units, while MTN Nigeria was the most traded stock by value at N1.08 billion.
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Equities Investors gain N252bn as bulls persists at NGX
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