Four Nigerian firms dominate as Nigerian Exchange Limited recorded a N469 billion gain in equities after trading on Tuesday.
Jaiz Bank, ABC Transport, Austinlaz, Multiverse Mining, and 60 other stocks pushed NGX into bullish territory.
The gain was driven by sustained investor interest in stocks listed in the Nigerian Stock Exchange.
NGX market data showed that total market capitalization rose by N469 billion, or 0.46 percent, to close at N102.275 trillion from an opening value of N101.806 trillion.
Similarly, the All-Share Index advanced by 0.46 percent, gaining 732.86 points to settle at 159,951.08, compared to 159,218.22 recorded on Monday. The performance also boosted the year-to-date return.
Market breadth closed positive, with 65 stocks recording gains against 21 decliners.
Meyer and Jaiz Bank topped the gainers’ chart with 10 percent appreciation each, closing at N14.30 and N5.28 per share, respectively. They were followed by ABC Transport, Austinlaz, and Multiverse Mining.
On the losers’ table, Aluminium Extrusion Industries led with a 9.96 percent decline, followed by Learn Africa, Oando, United Bank for Africa, and Access Corporation.
Market activity analysis showed a four percent drop in the number of deals, alongside a nine percent increase in traded volume and a seven percent rise in transaction value.
A total of 758.9 million shares valued at N19.8 billion were exchanged in 54,212 transactions, compared with 695.6 million shares worth N18.6 billion traded in 56,632 deals on Monday.
Linkage Assurance recorded the highest trading volume, with 51.63 million shares exchanged, representing 6.80 percent of total volume. Guaranty Trust Holding Company led in value traded at N2.04 billion, accounting for 10.24 percent of the day’s total value.
Guaranty Trust Holding Company recorded the highest value at N2.04 billion, accounting for 10.24 percent of the total value traded for the day.
