Trading at the Nigerian equities market closed positive on Tuesday amidst buy-interests and sell-offs as bulls dominated the session, thereby boosting the broad market’s performance
As a result of the bullish trading session, the equities market’s All-share Index (ASI) appreciated by 0.86% to close at 55,805.26 points while the market capitalization grew by N260 billion to close at N30.400 trillion.
The market’s data from the the Nigerian Exchange Limited (NGX) also reflected that the growth in the ASI pushed the market’s Year-to-Date (YtD) returns up by 8.16% advancing the market by 4,210.06 basis points since the commencement of trading sessions in the bourse on January 4 this year.
The trading data indicated that the market breadth closed positive as MRS led the 35 gainers’ table, just as MULTIVERSE topped the 10 losers table at the end of the trading session.
According to the trading data, the volume of stocks traded on Tuesday totaled 237.1 million with a value of N4.39 billion in 4,435 deals.
The NGX disclosed that at the end of the day’s trading session, the five top ASI gainers were MRS up + 10.00% to close at N36.85; STANBIC up + 9.88% to close at N41.70; CILEASING up + 9.64% to close at N3.98; OANDO up + 9.09% to close at N4.80; and MCNICHOLS up + 9.09% to close at N0.72
Conversely, the top five ASI losers were MULTIVERSE down – 10.00% to close at N3.96; CWG down – 9.09% to close at N0.90; FLOURMILL down – 8.44% to close at N32.00; CHAMS down – 7.14% to close at N0.26; and RTBRISCOE down – 3.57% to close at N0.27
The indices further reflected that the top 3 traded stocks by volume comprised FIDELITYBK –39,979,559; ZENITHBANK –34,247,198; and OANDO –22,568,585 while those that topped the value table were DANGCEM – N1,575,829,595; ZENITHBANK – N907,535,938; and GTCO – N274,653,431
