NGX: Investors Gain N130bn

Tuesday’s trading activities on the Nigerian Exchange Limited ended on a positive note as the investors gained N130bn at the close of trading.

Both the All-Share Index and the market capitalisation appreciated by 0.33 percent to close at 71,907.26 basis points and N39.348tn respectively, which marked a consecutive day of positive trading on the local bourse.

The year-to-date gain of the ASI rose to 40.30 percent.

Even as the market continued to trend positively, the volume of traded stocks and the number of deals declined by 14.86 percent and 7.32 percent respectively to close at 6,498 deals and 319.56 million units.

Meanwhile, the total traded value for the day appreciated by 52.54 percent to N5.88bn from N3.85bn on Monday.

The sectorial performance revealed a bearish trend as three out of five stocks closed in the red zone. NGX Insurance, NGX Oil/Gas and NGX Industrial Goods indexes declined by 0.49 percent, 1.03 percent and 0.01 percent, respectively.

However, both the Banking and Consumer Goods indices were positive as they advanced by 0.67 percent and 0.01 percent, respectively.

Punch/Hauwa Abu