Investors in the Nigerian Equities Market made fresh gains worth ₦166 billion as the market cap and All-Share Index appreciated.

NGX Among Top Performing Markets In 3 Months, Market Capitalisation
NGX Gains 2.01% on Tuesday.

The equity market on Nigerian Exchange Ltd. (NGX) on Tuesday closed on a positive note, making the All-Share Index (ASI) and Market Capitalisation close with a gain of ₦166 billion.


The market capitalisation closed at ₦38.989 billion as against ₦38.823 billion posted during the previous trading, representing 0.43% increase.

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Also, the NGX All-Share Index (ASI) increased by 303.34 points, or 0.43%, to close at 71,250.17 basis points, as against 70,946.83 recorded on Monday.

The NGX ASI year-to-date return was at 39.02%, while market activities measured by volume traded increased by 20.93%


The total volume traded advanced by 20.93% to close at N433.57 million, valued at ₦11.11 billion, and traded in 7,016 deals.

UACN was the most traded stock by volume with ₦61.71 million, while NIDF was the most traded stock by value with ₦2.22 billion units traded.


NSLTech topped the gainers’ chart in percentage terms by 10% to close at ₦0.77 per share.

Multiverse followed with a gain of 9.95% to close at ₦7.07, while Sunu Assurance rose by 9.92% to close at ₦1.33 per share.


First Bank of Nigeria Holdings (FBNH) went up by 9.86% to close at ₦26.75, while Thomaswy appreciated by 9.82% to close at ₦3.02 per share.


On the other hand, Abbey Buildings led the losers’ chart in percentage terms by 9.88% to close at ₦1.55 per share.


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FTN Cocoa Processors of Nigeria followed with 9.09% to close at ₦1.50 per share.

Daar Communication shed 8.82% to close at ₦0.31, while Wapic Insurance lost 7.14% each to close at ₦0.65.

Also, Veritable Kapital declined by 5.41% to close at ₦0.35 per share.

“We expect the bullish sentiment to persist into tomorrow’s trading session in the absence of any negative catalyst,” noted analysts at Parthian Securities Ltd.


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