The year 2024 has been rewarding to investors on the stock market who recently made ₦1.75 trillion.
Investments are yielding massively and investors are enjoying one of the best start to a trading year.
Rise in the share price of Unilever Nigeria, First Bank and Mutual Benefit Assurance, contributed significantly to the growth recorded in the market.
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Investors at the close of trading on Tuesday, in the Nigerian stock market earned ₦1.57 trillion.
Market Capitalisation appreciate to ₦45.524 trillion from ₦43.957 trillion, while the All-Share Index closed at 83,191.84 bps from 80,324.53 bps.
Gainers & Losers
Mutual Benefits Assurance, Unilever Nigeria, and FBN Holding Plc led other gainers with 10% growth each to close at ₦18.15, ₦18.15, and ₦28.60.
Wema Bank, Zenith Bank, International Breweries, and C & I Leasing completed the list of gainers with 9.99%, 9.99%, 9.98%, and 9.97% growth in their share prices.
Total Energies Marketing Nigeria led other price declines, as it shed 10% off its share price to close at ₦346.50 from its previous price of ₦385.00.
Daar Communications, R.T. Briscoe, and Sunu Assurances Nigeria with 9.40%, 8.45%, and 7.69% cuts in their share prices are other losers in Tuesday’s trading.
Volume & Value Of Trade
On the volume index, Fidelity Bank traded 139.737 million shares valued at ₦1.93 billion in 982 deals.
Next is First City Monument Bank (FCMB) with 128.974 million shares worth ₦1.45 billion traded by shareholders in 573 deals.
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Following this is the United Bank for Africa which traded 117.115 million shares valued at ₦3.7 billion in 1,196 deals.
On the value index, UBA traded stocks worth ₦3.759 billion in 1196 deals followed by Access Corp with ₦2.525 billion stocks in 948 deals.
