At the end of equities trading at the Nigeria Exchange Limited (NGX) on Tuesday, the benchmark index rose by 1.31 per cent to settle at 63,766.72 basis points as investors continued to put their monies on choice stocks at the local bourse.
Notable stocks such as Eterna Oil, PZ, Transnational Corporation, Dangote Cement, Nigerian Breweries and Guaranty Trust Holding Company enjoyed investors’ rally to advance in share value by 9.92 per cent, 9.88 per cent, 9.70 per cent, 6.67 per cent, 2.70 per cent and 1.47 per cent, respectively.
Consequently, the ASI’s year-to-date (YTD) return rose to 24.42 per cent,
As bullish run persists at the Exchange, equities investors, earned N448.34 billion cumulatively as the market capitalisation settled at N34.72 trillion at the end of trading activities at the local bourse on Tuesday.
Also, market breadth closed positive, with advancing issues outnumbering declining ones. On the performance board, Honeywell Flour Mills topped 38 others on the leader’s table having appreciated in share value by 10.0 per cent, while Japaul Gold led 13 others on the laggard’s log with 10.0 depreciation recorded against it’s share price.
Sub-sector gauges were largely bullish as the NGX Insurance, NGX Consumer Goods, NGX Oil/Gas, and the NGX Industrial indices increased by 4.25 per cent, 0.66 per cent, 0.56 per cent, and 3.58 per cent respectively.
On the flip side, the NGX Insurance index moderated by 0.17 per cent.
Analysis of market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 209.54 per cent. A total of 868.80 million shares valued at N42.81 billion were exchanged in 8,970 deals.
FCMB Group led the volume chart with 153.88 million units traded, while Dangote Cement led the value chart in deals worth N35.81 billion.