Market Capitalization of listed equities trading on the floor of the Nigerian Exchange Group Limited NGX, rebounded on at end of Tuesday’s session gaining N8 billion amid price gouging and bargain hunting activities.
Similarly, the All-Share Index inched up by 13.61 basis points, representing a 0.03 percent increase to close at 97,639.88 points compared to Monday’s 97,626.27 points .
The Exchange reversed the losses of the last three days as the market capitalization appreciated further by N8 billion to close at N59.177 trillion higher than the N59.169 trillion of the previous day.
The market sentiment as measured by market breadth ended 24 equities on the gainers list relative to 25 decliners.
On price movement, HMCALL and SUNUASSUR maintained their positions from the previous day with a 9.98 percent and 9.80 percent profit on their respective share prices to close at N6.17 kobo and N3.81 kobo then; JAPAULGOLD share price gained 9.72 percent to close at N2.37 kobo.
On the flipside, Multiverse led the losers chart with a 9.92 percent drop on its share price to close at N5.90 kobo.
Tantalizer followed with a 9.30 percent loss on its share price to close at N1.17 kobo; while the share price of UPCREIT dropped by 9.01 percent to close at N5.05 kobo.
The day’s trading session ended with a total of 552.11 million units of shares that exchanged hands in 9,305 deals.
Olusola Akintonde
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