NGX: All-Share Index gains 0.01%

Toyin Ajadi

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Equities transactions on the Nigerian Exchange (NGX) closed positive on Tuesday with the All -Share Index inching up by 0.01% or 4.88 points to close at 38,920.50 as against 38,915.62 points recorded on Monday.

 

Similarly, the market capitalization rose by N3 billion to close the day at N20.278 trillion compared to N20.275 trillion at the close of trading on Monday.

 

The market sentiment was, however, negative as the market recorded 14 gainers relative to 21 losers.

 

Tuesday’s trading saw investors trading a total of 228.48 million shares with market value of N1.89 billion in 3,376 deals.

 

Top on the gainers’ list for the day was UPDC with share price appreciation of 0.15k to close at N1.66k. Next was Academy Press with price appreciation of N0.03k to close at N0.39k, then Courteville Business Solutions, which gained N0.02k to close at N0.29k.

 

On the flip side, Sovereign Trust Insurance came out last at the close of trading with price loss of N0.02k to close at N0.25k. It was followed by University Press, which lost N0.07k to close at N1.02k and Regency Alliance Insurance Company, which lost N0.03k to close at N0.45k.

 

The banking sector dominated trade on the Exchange on Tuesday with Wema Bank recording the highest number of traded shares at 46.8 million shares, followed by Access Bank with 28.2 million traded shares.

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