Nigerian Equities Market’s Cap Hits N27.301Trn On Tuesday

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The Nigerian Exchange Limited All Share Index (NGX ASI) and the market capitalization increased by 1.35 percent while the Year-to-Date return stood at  18.52 percent at the close of Tuesday’s trading.

Specifically, information on the trading trend showed that ASI closed at 50,626.04 against the previous close of 49,950.32 while market capitalization closed at N27.301 trillion compared with the previous day’s trading close of N26.936 trillion.

A further analysis of the equities market’s trading indicated that the volume traded decreased by 26.63 percent from 176.054 million to 129.166 million, while the total value of stock traded increased by 25.99% from N2.271 billion on Monday to N2.862 billion in 4,706 deals.

On activity trend in the market, the report showed that the Financial Services sector led the activity chart with 78.295 million shares exchanged for N0.776 billion followed by Consumer Goods with 11.924 million shares traded for N0.967 billion. The Natural Resources, Conglomerates, ICT sectors followed in that order on the activity chart.

The most active stocks by volume were FBNH, MULTIVERSE, GTCO, ZENITHBANK and AIICO.

However, the highest price gainers on the chart comprised HONYFLOUR, JAIZBANK, CAVERTON, JAPAULGOLD AND MANSARD  while MCNICHOLS, WAPIC, CHAMS, NGXGROUP and UBA topped the losers chart.

 

 

 

 

 

 

 

 

 

 

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