Investors on the Nigerian Exchange recorded a gain of N471.37 billion at the close of Tuesday’s trading session, as the market capitalisation rose to N63.3 trillion. The All-Share Index advanced by 0.75%, adding 767.63 points to settle at 103,137.99.
A total of 127 equities participated in the day’s trading, with mixed market sentiments reflected in 29 gainers and 28 losers.
MTN Nigeria led the gainers, surging by 10% to close at N256.30 per share. SCOA Nigeria followed closely with a 9.93% increase, closing at N2.99. Omatek Ventures and Universal Insurance Company also posted significant gains of 9.88% and 8.7%, respectively.
On the flip side, Secure Electronic Technology topped the losers’ chart with a 9.88% decline, closing at N0.73 per share. Abbey Mortgage Bank shed 9.09% to close at N3.30, while Sunu Assurances Nigeria and Deap Capital Management & Trust recorded drops of 8.21% and 7.08%, respectively.”
Market activity saw a notable improvement as investors traded 439.64 million shares worth N8.48 billion across 13,087 deals. This represents a 24% increase in trading volume and a 7% rise in turnover compared to the previous session, although the number of deals declined by 6%.
According to The PUNCH, the Nigerian Exchange began the week on a positive note, with a market capitalisation increase of N10 billion. The All-Share Index inched up by 0.02%, closing at 102,370.62 points, compared to 102,353.68 points recorded in the previous session.
Despite this slight uptick, the market remains in negative territory year-to-date and month-to-date, with both figures showing a decline of -0.48%. However, the week-to-date performance reflects a modest 0.02% gain.
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