The stock market was bullish Tuesday lifting the All Share Index (ASI) by 1.21 per cent to gain 495.8 index point and closing at 41,584.94 from 41,088.96 that trading opened.
Likewise, the market capitalisation leapt by N259.452bn or 1.21 per cent, to close at N21.753 trillion compared to the N21.494 trillion it posted on Monday.
The growth of the market was impacted by the rise in the shares of medium and large equities including Airtel Africa Telecommunication, Flour Mills Plc, Fidson Plc, MTN Nigeria and Lafarge Africa.
The market turnover increased by 40.46 per cent, as investors swooped on stocks, with 467.886 million shares exchanging hands at N5.565 billion in 5,990 deals, as against 333.096 million shares worth N2,640 billion in 5,6400 deals traded on Monday.
The market breadth was positive with 32 gainers compared to 19 losers. The gainers’ chart was dominated in percentage parameters by Fidson Plc, gaining 8.60 per cent to close at N5. 05 per share.
Airtel Africa and Flour Mills surged by 7.60 and 6.25 per cent to close at N920 and N34 per share respectively.
In the same vein, Lafarge Africa rose by 3.77 per cent to close at N27.5 per share, while MTN Nigeria climbed 0.53 per cent to close at N170. 9 per share.
Conversely, Seplat Petroleum was the biggest loser in terms of percentage, dropping 9.26 per cent to close at N490 per share.
Cutix Plc fell by 7.08 per cent to close at N2.1 per share, while African Prudential declined by 1.82 per cent to close at N67 per share.
Cadbury Nigeria and Zenith Bank dropped 1.54 and 0.94 per cent to close at N9. 6 and N26.65 per share respectively.
Transnational Corporation was the most active stock, trading 45.930 million shares worth N150.597 million, with AXA Mansard, Japaul Gold, Sovereign Insurance and Lasaco completing the top five activity chart of the NSE.
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