The Equities market on Tuesday regained from Monday’s loss with the All-Share Index advancing 227.91 basis points or 0.32% from 70,612.81 basis points to settle at 70,840.72 basis points.
At the close of transactions on the floor of the Nigerian Exchange Limited, the Market Capitalisation also rose by 146bn or 0.38% to close at 38,941 as against Monday’s 38,795trn.
Investors’ interest in BUA CEMENT PLC (+3.34%), ZENITH BANK PLC (+2.69%), and GUARANTY TRUST HOLDING COMPANY PLC(+0.83%) outweighed the losses seen in ACCESS HOLDINGS PLC(-0.58%), TRANSNATIONAL CORPORATION PLC (-1.44%), and FIDELITY BANK PLC(-1.64%).
Accordingly, the Month-to-Date increased to 2.3% and the Year-to-Date returns rose to 38.2%.
Analysis of today’s market activities showed that the value of transactions decreased by 56.54% while the total volume traded decreased by 31.0%.
A total of 327.43 million units of shares valued at ₦3.37bn were exchanged in 6,533 deals.
JAPAUL GOLD & VENTURES PLC was the most traded stock by volume at 44.70 million units of shares, while UBA was the most traded stock by value at ₦555.02 million.
As measured by market breadth, market sentiment was positive with 35 advancing issues outnumbering 16 declining ones.
Top on the gainers list is N NIG. FLOUR MILLS PLC rising from ₦18.00 per share to ₦19.80k per share, gaining ₦1.80k or 10.00%.
MECURE INDUSTRIES PLC followed with a rise from ₦4.31k per share to
₦4.74k per share, by 0.43k or 9.98%.
And C & I LEASING PLC. rose from ₦3.41k per share to ₦3.75k per share, by 0.34k or 9.97%.
Conversely, RED STAR EXPRESS PLC led the laggard’s table falling from ₦3.28k per share to settle at ₦2.96k per share, by 0.32 or 9.76%.
Next is FTN COCOA PROCESSORS PLC dropping from ₦1.83k per share to ₦1.66k per share, by 0.17k or 9.29%
MUTUAL BENEFITS ASSURANCE PLC. trailed with a decline from 0.52k per share to 0.49k per share, by 0.03k or or 5.77%.
Analysing by sectors, the Industrial Goods (+1.4%), Banking (+0.7%), and Insurance (+0.2%) indices recorded gains, while the Oil & Gas (-0.9%) and Consumer Goods (-0.1%) indices printed losses.
Olusola Akintonde
