The Nigerian Exchange Group Limited, NGX on Tuesday witnessed the market reversed a negative trend as key indices inched up by 0.42%.
Business transactions at the Exchange ended with the market capitalisation of listed equities appreciating by N126.3 billion to close at N30.513 trillion higher than the N30.387 recorded on Monday.
Similarly, the NGX All-Share Index, ASI recorded a 232.14 basis points representing a 0.42% increase to close at 56,038.85 after declining by 13.79 basis points representing a 0.03 % drop to close at 55, 806.71 points the previous day.
The trading session closed with 28 gainers and 24 decliners.
Investors engaged in profit-taking activities as the market recorded gains on the shares of ETRANZACT , ETERNA, PHARMDEKO and CORNERST as their respective prices increased by 10%, 9.85% and 9.52% and 9.52% to close at N4.40k, N11.15k, N2.07k and N0.92k.
JOHN HOLT led the decliners chart for the second day with a 9.88% loss on its share price to close at N1.55k, followed by MULTIVERSE and CHELLARAM shares dropping by 9.54% and 9.52% on their respective prices to close at N3.70k and N1.33k.
The market sentiment however ended negative as the total deals, volume and value dropped by 14.62%, 12.79% and 70.64% to 6,165, 322.49 million and N5.82 billion respectively
UBA was the most active stock for the day with 47.12 million shares worth N442.31 million exchanging hands in 442 deals.
ACCESSCORP followed with 39.91 million shares worth N501.77 million in 390 deals while GTCO had 30.22 million shares worth N846.87 million in 309 deals.
Confidence Okwuchi
