The Nigerian equities market again ended Tuesday’s trading on a positive as the benchmark index upped 0.35%.
Consequently, the All-Share Index closed at 53,270.88 basis points as against yesterday’s closing of 53,086.46 basis points.
Similarly, the market capitalisation increased by ₦99.21bn to close at ₦28.72trn in comparison to Monday’s ₦28.62trn.
Sustained buying interest in telecommunications heavyweight, MTNN (+2.35%) drove the market’s positive performance.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 69.16%.
A total of 234.62 million units of shares valued at ₦2.75bn were exchanged in 4,232 deals.
TRANSCORP was the most traded stock by volume at 30.43 million units, while NGXGROUP was the most traded stock by value at ₦459.96million.
As measured by market breadth, market sentiment was marginally positive as 16 stocks gained relative to 15 decliners.
GLOBAL SPECTRUM ENERGY SERVICES PLC (+10.0%) and JAIZ BANK PLC (+8.0%) recorded the most significant gains of the day, while CUTIX PLC (-10.0%) and CADBURY NIGERIA PLC (-5.6%) topped the losers’ list.
Analysing by sectors, the Insurance (-0.4%) and Consumer Goods (-0.1%) indices declined, while the Banking (+0.3%) index advanced. The Industrial Goods and Oil & Gas indices closed flat.
Mercy Chukwudiebere
