Business and Economy

Nigerian stock exchange ASI rose 0.24% on Tuesday with market capitalization up N72 billion

The Nigerian Stock Exchange closed in the green amidst buy-interests and sell-offs with bulls controlling the action and pushing the overall market higher on Tuesday. At the end of trading activities, the All-share Index (ASI), which closed at 54,496.31 points, increased by 0.24%. As a result, the market capitalization increased by N71.70 billion to close at N29.68 trillion and the year-to-date (YTD) return increased to 6.33%.

Trade turnover settled higher than on Monday. At the end of trading 3,617 transactions involving 177.92 million shares worth N5.69 billion were completed. The market’s performance was mostly driven by gains in MTNN (+1.49%), WAPCO (+0.77%), and ACCESSCORP (+1.09%), which outweighed losses in BUAFOODS (-0.13%) and ZENITHBANK (-1.36%). With 50.00m shares traded in transactions totaling 3.72bn, BUAFOODS (-0.13%) topped the volume and value charts.

While COURTVILLE (+8.33%) outperformed fourteen (14) other teams on the leader’s log, LIVESTOCK (-5.45%) outperformed sixteen (16) other teams on the laggard’s table.

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