Chiamaka Okechukwu, Lagos.
Nigerian The bull dominated trading activities in Nigeria’s domestic stock market, as investor profit-taking interest advanced the NGX All-Share Index by 0.12% to close at 146,055.89 basis points higher on Tuesday.
The year-to-date (YTD) return pushed further to 41.90%.
The Exchange recorded 175.12 absolute points on the All-Share Index, representing a 0.12% increase to close at 146,055.89 points compared to Monday’s 145,880.77 points.
Similarly, the positive sentiment led to an increase in the market capitalisation of listed equities which rose by 0.12% to ₦92.405 trillion, adding over ₦110 billion to investors’ portfolios compared to the N92.294 trillion of the previous day.
Investor sentiment remained upbeat, with market breadth closing positive as 50 stocks advanced against 29 decliners, underscoring the ongoing tussle between bargain hunters and profit-takers.
Notable among the gainers included ABCTRANS, Champion Breweries, Ellah Lakes, Sunuassur, Mansard Insurance, Prestige, Wapi, and Tip, each appreciating by 10% on their respective share prices.
Conversely, Juli, Unilever Nigeria, Custodian and Academy were among the top decliners, dropping 10.00%, 9.97%, 9.55%, and 7.78%, respectively.
The overall market activity saw the trading volume and deals
declined by -39.63% and -22.96 40%, respectively, even though the value of trade inched up by 25.03%.
At the end of the business day, a total of 1277.24 million shares worth ₦24.25 billion exchanged hands across 31,155 deals.