The Nigerian Stock Exchange (NGX) Limited closed on a positive note on Tuesday with the market index moving up by 0.02%.
The NGX All-Share Index advanced by 0.02% to close at 49,171.70 basis points as against a 0.06% loss recorded previously to close at 49,161.45 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N13.74bn gain.
The duo overturned the 1.01 per cent, 0.09 per cent and 0.05 per cent losses printed by the banking, consumer goods and insurance sectors, respectively.
At the close of trades, the All-Share Index (ASI) moved up by 10.25 points to 49,171.70 points from 49,161.45 points, while the market capitalisation grew by N14 billion to N26.531 trillion from N26.517 trillion.
A total of seven equities ended on the gainers’ log yesterday, while 20 stocks landed on the losers table led by Japaul, which crashed by 10.00 per cent to 27 Kobo. Royal Exchange fell by 9.80 per cent to 92 Kobo, Consolidated Hallmark Insurance deflated by 8.62 per cent to 53 Kobo, RT Briscoe depleted by 8.57 per cent to 32 Kobo, while Fidson dropped 7.54 per cent to trade at N9.20.
Conversely, Chams improved its value by 8.00 per cent to 27 Kobo, Ardova gained 7.42 per cent to trade at N13.75, Sovereign Trust Insurance rose by 3.57 per cent to 29 Kobo, BUA Cement increased by 3.07 per cent to N52.00, while Jaiz Bank grew by 2.70 per cent to 76 Kobo.
Yesterday, investors transacted 101.6 million shares worth N1.2 billion in 3,981 deals in contrast to the 206.2 million shares worth N2.4 billion traded in 3,679 deals in the preceding session.
This showed that the volume of transactions went down by 50.74 per cent, the value of trades decreased by 49.29 per cent, and the number of deals increased by 8.21 per cent.
GTCO sold the highest number of stocks in the midweek session, 14.3 million units valued at N259.0 million and was trailed by Zenith Bank, which sold 11.6 million units valued at N228.9 million. FBN Holdings exchanged 6.3 million units worth N61.2 million, Transcorp traded 6.2 million units for N6.3 million, while Chams traded 5.7 million units worth N1.5 million.
