The Nigerian Stock Exchange (NGX) halted losses on Tuesday as buying sentiment among equity investors pushed the market into the green. The stock market opened the week on a negative note after a gain of about 1.6 trillion naira was reported last week.
As a result, indexes of market activity rose +0.42%, brokers told investors in their respective market reports, indicating year-to-date returns also improved. improved by 9.34%. After depreciating about 9 billion naira on Monday, equity investors made a total of 126.18 billion naira amid a fresh rally in the Nigerian stock market.
Data from the Nigerian Stock Exchange showed the All-Share Index up 231.76 basis points, up +0.42%, to close at 56,038.85. In a market report, stockbroker Atlass Portfolios Limited’s market performance declined as both total volume and total trading value for today fell -12.72% and -70 respectively, sixty four%.
According to data from the Lagos Stock Exchange, about 322.49 million units worth N5,824.46 million were traded in 6,165 transactions. UBA is the most traded stock by volume, accounting for 14.62% of total trading volume.
Following this pan-African lender are ACCESSCORP (12.58%), GTCO (9.38%), FIDELITYBK (7.38%) and JAPAULGOLD (5.23%). volume class.
AIRTELAFRI is the most traded stock by value, with 30.18% of total exchange traded value. ETRANSACT leads the Advanced chart for today with a price increase of 10.00% each, followed by ETERNA (+9.85%), CORNERST (+9.52%), PHARMDEKO (+9.52) %), FTNCOCOA (+9.23%) and 23 others .
Market data showed 23 decliners, of which JOHNHOLT was the big loser, with a drop of -9.88% to close at ₦1.55. MULTIVERSE lost 9.54%, UACN lost 5.08%, FCMB fell 4.35% and TRANSCORP lost 0.67%.
However, market breadth closed positive, recording 28 advancers and 23 decliners. Additionally, the market sector performance closed on a positive note, with three of the top five market sectors all up. The Oil and Gas sector led the way with an increase of 1.02%, followed by the insurance sector (+0.57%) and the consumer goods sector (+0.21%). The banking and industrial sectors fell -0.05% and -0.02%, respectively.
Overall, the stock’s market capitalization increased by ₦126.18 billion, +0.42% growth, to close at ₦30,513.48 trillion from ₦30,387.30 trillion yesterday.
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