Equity Market Sustains Bullish Momentum     

Gains persisted on the equities market of the Nigerian Exchange on Tuesday as trading closed higher than the first trading day of the week by 0.18%.

The benchmark all-share index rose by 0.18% or 181.99 points to close at 98,568.59 points compared to 98,386.60 at the close of trading on Monday while the market capitalisation inched up by N104 billion to close at N56,640 trillion.

In like manner, the market sentiment also closed in green recording 35 gainers as against 22 losers at the end of the day’s trading.

The gainers for the day were led by Nigeria Infrastructure Debt Fund with 9.94% price gain closing at N111.70k followed by FBN Holdings with 9.93% price gain to close at N31.00k then Ellah Lakes gained 9.76% to close at N3.71k.

On the other hand, Oando lost 10% to close at N72. 00. It was followed by Okomu Oil which lost 9.99% to close at N376 per share and Caverton Offshore Support Group with 9.88% loss and a closing price of N3.65k.

Fidelity Bank recorded the highest volume of 126 million traded shares followed by Transcorp Nigeria with 103 million  shares and United Bank for Africa with 73.5 million shares.

At the end of the day’s trading,  a total of 763.00 million shares valued at N11.8 billion were traded in 12,081 deals on Tuesday.

Fidelity Bank recorded the highest volume of 126 million traded shares, followed by Transcorp Nigeria (103m), United Bank for Africa (73.5m) and Caverton Offshore Support Group (43.7m).