Nigerian Stock market extends gain as All share Index rose by 1.30% on Tuesday

The Nigerian stock market extended its current market gains as the All Share Index rose by 1.30% to 60,108.86 points on Tuesday. This is the first time since 2008 that the all share index is crossing the 60,000 mark, the last time been om March 5, 2008 when it rose to 66,381.20 basis points. As a result of the gain, the year-to-date (YTD) return increased to 17.28%, while market capitalization increased by N421.19 billion to close at N32.73 trillion.

Gains in MTNN (+2.77%), ZENITHBANK (+4.62%), and GTCO (+5.20%) bolstered the market’s overall performance. Trade turnover was lower however lower than it was on Monday with the value of transactions falling by 4.01%. In total, 763.70 million shares worth N12.53 billion were traded in 9,463 transactions.

ACCESSCORP (+3.61%) dominated the volume chart with 111.67 million units exchanged, while GTCO (+5.20%) won the value chart with N2.69 billion in transactions. COURTVILLE (+10.00%) led 37 other leaders on the leader’s board, while MAYBAKER (-6.42%) led seven (7) others on the laggard’s board.