Nigeria’s market sustains bull run
Equities investors witnessed another 0.71 percent profit at the end of Tuesday’s trading session on the floor of the Nigerian Exchange Group Limited, NGX as the market sustained its bullish sentiment.
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The Exchange major index, the All-Share Index inched up for the second session of the week with 482.05 basis points, representing an additional 0.71 percent increase to close at 68,359.22 higher than the 67,877.17 of the previous day.
Consequently, the NGX market capitalisation appreciated by N264 billion to close at N37.413 trillion higher than the N37.149 trillion recorded on Monday.
The day’s activity level showed a drop in value at N5.89 billion and deals which dropped 8.35 percent while the volume of trade closed positive with 676.74 million unit of shares.
Activity in the shares of UNIVERSAL Insurance Plc, UBA, Fidelity Bank, CHAMS and ACCESSCORP accounted for
the highest trade in terms of volume and value on Tuesday.
At the end of the business day, 36 made it to gainers list relative to 27 decliners.
ELLAHLAKES led the gainers chart with a 10% gain on its share price to close at N3.63k, followed by BERGER with a 9.95% profit on its share price to close at N11.60k; then ETRANZACT recorded a 9.93% gain on its share price to close at N8.08k.
SCOA led the losers list with a 10% loss on its share price to close at N1.26k. MULTIVERSE followed with a 9.93% drop on its share to close at N2.72k while CORNERST shares dropped by 8.76%, to close at N1.25k.