The Nigerian equities market closed on bullish sentiment at the end of Tuesday’s trading session as the All-Share Index (ASI), the benchmark index, neared an all-time high, thereby translating to N185 billion gain for investors.
According to data from NGX, the market’s supervisory group, the trading indices of Tuesday’s trading represent the single-day all-time-high for Nigerian stocks is 66,671 since 5th March 2008.
The data indicated that the ASI traded 0.51% higher to close at 66,490.34 index points as against 66,151.38 index points recorded in the previous day’s trading session while the market capitalization of equities also surged by N185 billion to close at N36.390 trillion, 0.51% higher than the N36.205 trillion recorded in the previous trading session.
A further analysis of the market indices showed that the volume traded totalled 436.96 million, valued at N7.01 billion and transacted in 7,932 deals
As expected, the market breadth closed positive with FLOUR MILLS (10.00%) leading the gainers’ table; CWG (-10.00%) led losers’ raning while FBN HOLDINGS was the most traded equity by volume at the end of the day’s trading session.
Also, trading volume increased by 40.45% over the previous day’s session as 436.96 million units of shares were traded today.
The NGX data indicated that the top three ASI gainers comprised FLOUR MILLS, CHAMPION, and NASCON led the top gainer’s chart as they all gained +10.00%, +10.00%, and +9.96% respectively while the top three losers in order of ranking were CWG, LINKASSURE, and CHELLARAM led the top losers’ chart as they lost -10.00%, -10.00%, and -9.85% respectively.
On the volume of traded stocks, the NGX report reflected that there was higher trading activity in terms of volume as 436.96 million units of shares were traded on Tuesday compared to the 311.12 million traded during the previous day’s session.
FBN HOLDINGS led the chart in terms of volume as 55.15 million units were traded. JAPAULGOLD (33.11 million) and UBA (30.18 million) rounded up the top three traded stocks for today.
Also, in terms of value traded, FBN HOLDINGS (N911.21 million) also led the chart followed by ACCESS HOLDINGS (N414.37 million) and UBA came third with (N412.17 million).
