Business and Economy

Nigerian stock market gains 0.33% (N129.88 billion) on Tuesday

The All-Share Index of the Nigerian stock market gained 0.33% on Tuesday to closed at 71,907.26 points. As a result, the market capitalization increased by ₦129.88bn to end at ₦39.35trn, and the year-to-date (YTD) return increased to 40.30%.

Long-term buying interest in tier one banks GTCO (+0.64%), ACCESSCORP (+0.99%), and telco heavyweight MTNN (+2.08%) offset losses in FBNH (-1.07%), TRANSCORP (-0.15%), and STERLINGNG (-1.01%).

Trade turnover finished at a greater level than it did on Monday with a 52.54% increase in transaction value. In a total of 6,498 trades, 319.56 million shares worth ₦5.88 billion were traded. JBERGER (-1.15%) topped the value and volume charts, trading 42.54 million units in deals valued at ₦1.46 billion.

In the leader’s table, INFINITY (+9.79%) outscored twenty-two (22) competitors, while in the laggard’s log, GUINEAINS (-10.00%) trailed twenty-two (22) competitors.

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