Nigerian stock market All Share Index gain 0.42% on Tuesday

The Nigerian stock market posted gains today as the benchmark index increased by 0.42% to close at 56,038.85 points. The year-to-date (YTD) return increased to 9.34% as a result, and the market capitalization increased by N126.38 billion to close at N30.51 trillion.

Renewed demand for index heavyweight, AIRTELAFRI (+1.96%), along with ZENITHBANK (+0.18%), and STANBIC (+5.45%), contributed to outweigh losses in GTCO (-0.89%), ACCESSCORP (-0.40%), and FBNH (-0.37%), keeping the market in the green

Trade turnover was lower than it had been during the previous session, with a 70.64% decrease in transaction value. In a total of 6,165 transactions, 322.49 million shares worth N5.82 billion were swapped.

With 47.13 million units exchanged, UBA (-1.06%) topped the volume chart, while AIRTELAFRI (+1.96%) topped the value one with transactions totaling 1.76 billion.

Twenty-one (21) other companies were surpassed by ETERNA (+9.85%), while fifteen (15) other companies were surpassed by UACN (-5.08%) on the laggard’s table.