Business and Economy

Nigerian stock market gains N187.26 billion as the All Share Index rose 0.51% on Tuesday

The Nigerian stock market All Share Index rose 0.51% on Tuesday to close at 67,217.77 points. As a result, the year-to-date (YTD) return increased to 31.15%, and the market capitalization increased by N187.26 billion to close at N36.93 trillion

Renewed investor interest in telco heavyweight MTNN (+0.20%), along with Tier-1 banks ZENITHBANK (+0.90%) and GTCO (+2.27%), pushed the broader index into positive territory. On the leader’s table, FLOURMILL (+9.93%) outperformed seventeen (17) additional competitors ending at N31.00 per share, while VFDGROUP (-9.98%) outperformed seven (7) additional competitors, ending at N218.20 per share. .

The value of transactions increased by 44.26% as a result of today’s market activity as trade turnover settled higher than it was on Monday with a total of 6,272 transactions involving 319.90 million shares worth N6.33 billion exchanged. With 50.78 million units exchanged, ACCESSCORP (+0.00%) dominated the volume chart, while GTCO (+2.27%) headed the value chart with transactions totaling N1.50 billion.


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