The All-Share Index, ASI of listed equities trading on the floor of the Nigerian Exchange Group Limited, NGX appreciated at the close of business on Tuesday reversing the bearish sentiment of the previous day.
At the end of the second trading session of this week, investors recorded a 0.8 percent increase on ASI with 352.49 basis points to close at 52,701.31 higher than Monday’s 52,348.82.
Similarly, investors saw the market capitalisation appreciate by N192 billion to close at N28,704 trillion compared to the N28,512 trillion of the previous day as
bargain hunting and profit-taking in medium and large-cap stocks continued.
The session ended with a total volume of 228, 48million units of shares that exchanged hands in 3, 681 deals.
The market sentiment, as measured by market breadth, was positive as 21 stocks gained, relative to 15 losers.
UPDCREIT led the gainers list with the highest price gain of 10 percent on its shares to close at N3.30k. MRS followed with a 9.93 percent gain on its share price to close at N15.50k while CHELLARAM had a 9.92 percent gain on its share price to close at N1.33k.
UPDC on the other hand, led the losers list with a 6.93 percent loss on its share price to close at N0.94k followed by GEREGU which had a 6.71 percent loss to close at N139.00. LINKAGE Assurance had a 6.38 l percent loss to close at N0.44k.
Dominica Nwabufo
