Business and Economy

Nigerian stock market rewards investors with N263.83 billion gain on Tuesday

The Nigerian stock  market gained 0.71% to settle at 68,359.22 points on Tuesday. The ASI’s year-to-date (YTD) return climbed to 33.38%, and the market capitalization increased by N263.83 billion to close at N37.41 trillion.

The market’s performance was driven by gains in BUAFOODS (+6.32%), GTCO (+0.43%), and STANBIC (+3.31%), which outweighed losses in ZENITHBANK (-0.45%), ACCESSCORP (-0.29%), and FBNH (-1.69%).

Trade turnover was lower than it had been during the previous session, with a 33.97% decrease in transaction value. In a total of 7,659 transactions, 676.74 million shares worth N5.89 billion were swapped. UBA (-1.96%), with 69.10m units traded in transactions totaling N1.22bn, topped the volume and value charts. On the leader’s log, BERGER (+9.95%) outperformed twenty-three (23) other competitors, while MULTIVERSE (-9.93%) outperformed fifteen (15) other competitors.

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