The Nigerian Exchange (NGX) Limited remained in the positive territory on Tuesday as investors gained N177.84 billion by the end of the day’s trading session.
This is as the stock market All-Share Index advanced by 0.73% to close at 44,788.14 basis points as against 0.15% gain recorded previously to close at 44,461.63 basis points at the end of the last trading session.
The insurance counter lost 0.24 per cent, the energy space fell by 0.18 per cent, the consumer goods sector depreciated by 0.09 per cent, while the industrial goods counter appreciated by 4.01 per cent, and the banking index rose by 0.49 per cent.
The market breadth was negative yesterday as the bourse ended the session with 19 depreciating shares and nine appreciating shares led by BUA Cement, which improved by 10.00 per cent to trade at N68.20. Sunu Assurances expanded by 9.38 per cent to 35 Kobo, Jaiz Bank gained 8.99 per cent to trade at 97 Kobo, Union Bank appreciated by 8.47 per cent to N6.40, and RT Briscoe went up by 7.14 per cent to 30 Kobo.
On the flip side, Royal Exchange depreciated by 9.64 per cent to close at 75 Kobo, Multiverse decreased by 8.50 per cent to N4.20, May and Baker fell by 6.67 per cent to N3.92, Cornerstone Insurance shrank by 5.88 per cent to 48 Kobo, and NGX Group lost 4.42 per cent to settle at N20.55.
Investors traded 159.2 million shares worth N2.7 billion in 3,385 deals on Tuesday compared with the 72.3 million shares worth N2.2 billion transacted in 2,887 deals on Monday, indicating an increase in the trading volume, value and number of deals by 120.12 per cent, 25.84 per cent and 17.25 per cent, respectively.
Mutual Benefits ended the trading session as the most active stock with a turnover of 47.4 million units, Sterling Bank sold 24.4 million units, Jaiz Bank transacted 10.6 million units, Fidelity Bank exchanged 10.3 million units, and GTCO traded 6.3 million units.
