The Nigerian equities market on Tuesday recorded an increase of N441 million as trading activities closed with a positive sentiment from investors.
Data from the Nigerian Exchange (NGX) indicated that the All-Share Index (ASI) rose by 1.33% to end the day at 61,523.57 points, surpassing Tuesday’s record of 60,715.04 points.
As expected, the market capitalization also increased by N441 billion (1.33%), peaking at N33.5 trillion and an improvement on the previous day’s total capitalization of N33.06 trillion.
A further analysis of the market indices showed that the volume traded stood at 846.3 million at a value of N10.31 billion recorded in 9,815 deals.
On the performance of stocks during the day in review, the data reflected that LEARNAFRICA rose by 9.97% to lead the gainers followed by GOLDBREW, and CHELLARAM, with increases of 9.95%, and 9.77% respectively.
Conversely, NSLTECH fell by 10.00% and topped the losers’ table, including MBENEFIT, and LASACO, which also depreciated in value by 10.00% at the end of the trading session
At the close of today’s trading with a volume of 846.3 million shares, representing 1.11 billion lower than yesterday’s volume and indicated a decrease in the level of trading activity, the most traded stocks were FBNH, TRANSCORP, and ACCESSCORP, with trading volumes of 89.24 million, 89.23 million, and 85.91 million units respectively.
Similarly, the value traded of the top three companies on the stock market today were FBNH with N1.65 billion, ACCESSCORP with N1.54 billion, and UBA with N749.77 million.
