Stock Market Rises as NGX Gains N426.28 Billion

Trading on the Nigerian Stock Exchange (NGX) ended on a strong note on Tuesday, with the market recording a gain of N426.28 billion.

Market capitalisation, which opened at N66.069 trillion, rose by 0.65% to close at N66.495 trillion, reflecting sustained investor confidence and positive market sentiment.

Consequently, NGX ASI also went up by 0.65 per cent or 683.65 points, to close at 106,574.98 from 105,891.33 points recorded at the previous session.

A total value of shares worth N11.762 billion in 15,561 deals was recorded on Tuesday.

At the end of trading, 40 companies drove gains, while 25 losers were recorded for equities.

The top two gainers were ELLAHLAKES, which appreciated by 10 per cent, gaining 33k to close at N3.63, while HONEYFLOUR appreciated by 9.93 per cent, gaining N1.04.

Some of the other gainers are UBA, which appreciated by 1.84 per cent, gaining 70k to close at N38.80, while FBN Holdings appreciated by 0.93 per cent, gaining N50.30 to close at N32.50.

The top two losers were INTENEGINS, which depreciated by 9.78 per cent, losing 22k to close at N2.03, while EUNISELL dipped by 9.74 per cent, falling by N1.30 to close at N12.05.

NAN