Equities trading at the Nigerian Exchange Limited (NGX) on Tuesday was positive as gains in large capitalised stock pushes the market to the green zone.
At the end of the trading session, the domestic bourse All Share Index (ASI) increased by 0.15 per cent to close at 37,640.75 basis points amid renewed positive investors’ sentiment.
Equities investors earned N29 billion as the market capitalisation closed at N19.622 trillion as against an opening of N19.593 trillion.
Consequently, the year-to-date loss of the N ASI fell to 6.53 per cent.
Notably, stocks of Okomu Oilpalm, Cadbury, Dangote Sugar, Zenith Bank and First Bank of Nigeria Holdings were the toast of investors as their respective share prices rose by 4.27 per cent, 9.62 per cent, 4.17 per cent, 0.42 per cent and 1.39 per cent respectively.
Market breadth was impressive as the Exchange recorded more gainers than losers with 28 against 18.
Of the five indices tracked, three closed in the green zone; the NGX Banking, NGX Insurance and the NGX Consumer Goods indices advanced by 0.25 per cent, 2.22 per cent and 0.29 per cent respectively.
On the flip side, the NSE Oil/Gas index fell by 0.86 per cent while the NSE Industrial index closed flat.
Meanwhile, trading activity was mixed as total deals and volume of stock traded rose by 3.26 per cent and 40.07 per cent to 3,678 deals and 0.22 billion units respectively; however, the value of stocks traded fell by 20.57 per cent to N2.7 billion.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
CLAIM 1: A Twitter user claims UNICEF said any efforts to block children from accessing pornography might infringe their human rights.
VERDICT: MISLEADING!
CLAIM 2: Â A website report shared by the Twitter user claims UNICEF said pornography is not always harmful to children.
VERDICT: MISLEADING! UNICEF in its report explained that though there are different kinds of risks and harms that have been linked to children’s exposure to pornography but there is ‘no consensus’ on the ‘degree’ to which pornography is harmful to children.NGX: Investors earns N29bn as market rebounds
NGX: Investors earns N29bn as market rebounds
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