Nigerian Stock market update: Investors reap N580.23 billion rewards as the NGX All Share Index gains 1.65% on Tuesday

Investors today gained the sum of N580.23 billion from the Nigerian stock market as the All-Share index rose 1.65% to close at 65,669.29 points. As a result, the ASI’s YTD return grew to 28.13%, while the market capitalization increased by N580.23 billion to close at N35.76 trillion.

Gains in DANGCEM (+9.27%), BUACEMENT (+6.59%), and DANGSUGAR (+0.55%) offset losses in telco behemoth, MTNN (-0.71%), as well as NESTLE (-0.75%), and ZENITHBANK (-2.01%), keeping the market in the black.

Trade turnover was lower than it was on Monday with the value of transactions falling by 57.28%. In 8,922 transactions, 844.72 million shares worth N9.41 billion were swapped. CHAMS (+0.79%) dominated the volume chart with 91.71m units, while GTCO (-0.28%) led the value chart with N1.09 billion in transactions. CHAMPION (-9.89%) headed a group of twenty-nine (29) laggards, while TRANSCOHOT (+10.00%) led a group of twenty (20) leaders.