Transactions of Equities for Tuesday, the second trading day for this week, ended with bullish sentiments on the floor of the Nigerian Exchange Limited, NGX.
This 22bps gain was attributed to gains in ZENITH BANK PLC (+5.74%), FBN HOLDINGS PLC (+1.49%), and UNITED BANK FOR AFRICA PLC (+9.87%).
Specifically, the market capitalization gained ₦130.94bn to close at ₦58.85tn from yesterday’s ₦58.72trn.
The All-Share Index expanded from 96,907.73 basis points to 97,123.61 basis points while the year-to-date (YTD) return increased to 29.89%.
Analysis of today’s market activities showed that a total of 3.60bn shares valued at ₦25.57bn were exchanged in 10,679 deals.
Analysis according to Coronation Securities states ‘today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions advancing by 79.64%.’
SOVEREIGN TRUST INSURANCE PLC (+3.51%) led the volume chart with 2.50bn units traded, while UNITED BANK FOR AFRICA PLC (+9.87%) led the value chart in deals worth ₦6.74bn.
Market breadth closed positive with 26 advancing issues outnumbering the 21 declining ones.
CONOIL (+9.93%) topped twenty-five (25) others on the leader’s table while OANDO (-9.98%) led nineteen (19) others on the laggard’s log.
Hauwa Abu
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