NGX maintains bullish trend with N145bn gain

Toyin Ajadi

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The Nigerian equities market sustained the gains it recorded on Monday to close Tuesday’s trading still in the positive territory.
The market capitalisation appreciated by N145 billion to close at N24,471 trillion naira as against N24,326 trillion on Monday while the all-share index rose by 0.60% or 266.37 points to close at 44,929.33 points compared to 44,662.96 on Monday.
At the end of the day’s trading, 126.56 million shares worth N3.85 billion were traded in 3,383 deals.
The market sentiment also remained positive as trading closed with 27 gainers relative to 7 losers.
UPDC Real Estate Investment Trust led the gainers with 10% share price appreciation closing at N2.75k. It was followed by International Breweries with 9.41% gain to close at N4.65k and Sovereign Trust Insurance gained 8.33% to close at N0.26k.
On the losing side were RT Briscoe with 10% loss closing at N0.27k, then Presco which lost 8.71% to close at N110.00 and was followed by Chams which lost 4.17% to close at N0.23k.
 Zenith Bank recorded the highest volume of 13.6 million shares and was followed by Fidelity Bank with 12.2 million shares.
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