NGX Investors Gain N1.56 Trillion in Tuesday Trading Session

At the end of Tuesday's trading session, NGX Investors recorded a positive close as market capitalisation gained N1.56 trillion or 2.97% to close at N53.967 trillion compared with the previous day, which finished at N52.408 trillion.

The All-Share Index increased by 2,848.85 points or 2.97% to close at 98,616.97, compared to 95,768.12 it finished on Monday. The Year-To-Date (YTD) return increased by 31.89%.

Market breadth closed negative as 50 equities were lost, while 17 other stocks were gained.

Market activities revealed that 747.51 million shares valued at N16.28 billion were exchanged in 16,589 deals.

However, stocks of big conglomerates, including Dangote Cement, BUA Cement, and Seplat, among others, drove the market's strong performance.

Top Gainers: BUA Cement and Seplat led with 10% each to close at N163.35 and N2795.10 per share, respectively. Dangote Cement followed with 9.99% to close at N651.80, while Eterna Plc gained 9.92% to close at N27.70. Meyer Plc grew by 9.88% to close at N3.56 per share.

Top Losers: May & Baker Nigeria, Deap Capital Management & Trust, John Holt Plc, Mutual Benefits, and The Initiative Plc led with 10% each, to close at N7.38, 81k, N2.70, 72k, and N2.52 per share, respectively.

On the activity chart, Transcorp led in volume with 77.71 million shares worth N1.29 billion, while Sterling Nigeria traded 72.31 million shares valued at 485.73 million.

United Bank of Nigeria (UBA) sold 52.99 million shares traded at N1.57 billion, while Access Holdings garnered 47.16 million shares valued at N1.35 billion. Also, Zenith Bank traded 32.02 million units valued at N1.34 billion.

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