THE Nigerian equities extended positive stance at the close of market on Tuesday, as Index on the Nigerian Stock Exchange (NSE) closed at 30218.14 basis points.
The Local bourse rallied by 2.87 per cent amid sustained bargain hunting activities, despite the negative market breadth of 20 losers against 16 gainers at the close of business. Thus market capitalisation gained N372 billion having closed at N13.3 trillion as against N12.9 trillion recorded on Monday.
MTN Nigeria leads the gainers’ chart by value as it gained 9.98 per cent to its shares, having added N11.95 kobo to its shares to close at N131.2 kobo, while Dangote Cement’s shares also 3.93 per cent to close the day’s trade at N185.
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Other market stock movers for the day were Guaranty Trust Bank and Forte Oil that recorded 2.96 per cent and 8.81 per cent, respectively, lifting the NSE Banking and NSE Oil & Gas gauges by 0.94 per cent, 0.53 per cent, respectively. Hence, the year to date losses of local stocks contracted further to 3.86 per cent from 6.54 per cent.
Similarly, the total value of equities traded surged by 116.66 per cent to N17.19 billion; as did the total volume of equities traded which ballooned by 56.51 per cent to 335.60 million units.
All sector indices closed in green aside Consumer and Goods and NSE ASEM.