Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
For the third consecutive session, the Nigerian equities market maintained its bull run on Tuesday, firming up the benchmark All-Share Index by 0.20 percent to close at 48,366.69 basis points as against a 0.24 percentage gain recorded previously to close at 48,270.23 basis points.
This translated to an N61.60 billion gain, bringing the NGX Market Capitalization which measures the value of traded equities to N26.34 trillion, the highest level since October 5.
As a result, the year-to-date (YTD) return rose to 13.23 percent.
The gains were largely driven by sustained buying interest in industrial heavyweight, BUACEMENT (+2.50%) alongside WAPCO (+0.92%), UBA (+0.69%) and ETI (+4.98%) offsetting losses in Tier 1 banking names like ZENITHBANK (-0.68%), GTCO (-1.64%) and FBNH (-1.37%).
Related Posts
The total volume traded declined by 71.37 percent to close at 184.66 million, valued at N3.57 billion, and traded in 3,189 deals. FBHN was the most traded stock by volume with 66.11 million units traded while Geregu was also the most traded stock by value which is put at N1.75 billion.
An analysis of sectoral performance showed that nine NGX sectoral indices recorded gains while seven others declined and two closed flat.
The NGX-Industrial Index advanced by 1.21 percent to top the gainer’s chart while NGXAFRBVI index declined by 0.78 percent to top the losers’ chart.
HONYFLOUR (+8.06%) topped 14 others on the gainer’s table while UPDC (-7.07%) led 11 others on the losers’ table.
BADEJO ADEMUYIWA has 23 years experience as a Finance Writer, specialising in Insurance and Investigative Reporting.
Next Post
Comments are closed.