Business and Economy

Nigerian stock market gains 0.33% (N145.51 billion) on Tuesday

The Nigerian stock market saw gains as the all-share index increased by 0.33% to close at 70,840.72 points. Consequently, market capitalization increased by ₦145.51bn to end at ₦38.94trn, and the year-to-date (YTD) return increased to 38.22%.

The market was kept positive by renewed demand for index heavyweight BUACEMENT (+3.34%), together with ZENITHBANK (+2.69%) and GTCO (+0.83%), which helped to offset losses in ACCESSCORP (-0.58%), TRANSCORP (-1.44%), and FIDELITYBK (-1.64%). On the leader’s table, MULTIVERSE (+9.31%) outscored twenty (20) other participants, while on the laggard’s table, FTNCOCOA (-9.29%) outscored ten (10) other participants.

Trade turnover ended up being smaller than it was during the previous session, with a 56.54% decrease in transaction value. 6,533 deals totaling 327.43 million shares valued at ₦3.37 billion were exchanged. With 44.70 million units exchanged, JAPAULGOLD (+2.78%) topped the volume chart, while UBA (+0.48%) topped the value list with deals totaling ₦555.02 million.


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