At the Nigerian Exchange Limited (NGX) on Tuesday, equities trading ended northward to reverse the previous day’s loss as the benchmark index rose by 0.43 per cent to close at 67,326.12 basis points.
The market performance was supported by bargain-hunting activities in Stanbic IBTC Holdings, Dangote Sugar and Access Holdings, having appreciated in share prices by 5.6 per cent, 3.8 per cent, and 5.0 per cent, respectively.
Accordingly, the month-to-date and year-to-date returns increased to +1.4 per cent and +31.4 per cent, respectively.
Owing to the overall positive sentiment at the local bourse on Tuesday, equities investors gained N158.34 billion as the market capitalisation settled at N36.99 trillion by the end of the day’s trading sessions.
As measured by market breadth, market sentiment was positive, as 27 tickers gained relative to 22 losers. On the performance board, Julius Berger and CWG topped the gainers’ list, having appreciated in share value by 10.0 per cent and 9.8 per cent, respectively, while Multiverse and Unity Bank recorded the most significant losses of the day after their respective share prices declined by 9.5 per cent and 9.0 per cent, respectively.
Analysing across the sectors, the Banking, Insurance, and Industrial Goods indices recorded gains of 2.8 per cent, 0.2 per cent, and 0.1 per cent, respectively, while the Oil & Gas and Consumer Goods indices closed flat.
Analysis of market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.57 per cent.
A total of 377.97 million shares valued at N5.17 billion were exchanged in 6,729 deals.
The United Bank for Africa led the volume and value charts with 42.30 million units traded in deals worth N796.36 million.
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