Business and Economy

Nigerian stock market gain 0.08% (N31.81 billion) on Tuesday

The All-Share Index of the Nigerian stock exchange rose to 71,066.55 points as it gained 0.08% on Tuesday. As a result, market capitalization increased by ₦31.81bn to end at ₦39.08trn, and the year-to-date (YTD) return increased to 38.66%.

The market remained positive as gains in Tier-1 Banking Names, such as ZENITHBANK (+0.15%), GTCO (+0.54%), and UBA (+0.73%), offset losses in INTBREW (-2.17%), OANDO (-3.72%), and FCMB (-1.45%). While CHAMPION (-10.00%) led seven (7) others on the laggard’s table, MECURE (+10.00%) topped forty-three (43) others on the leader’s log.

Trade turnover ended up being smaller than it was on Monday with a 26.07% decrease in transaction value. 6,549 deals totaling 491.40 million shares worth ₦3.22 billion were transacted. With 75.44 million units exchanged, UNITYBNK (9.38%) led the volume chart, while VFDGROUP (0.00%) led the value table with trades totaling ₦481.81 million.

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