Business and Economy

Stock market investors gains N260.31 billion as the NGX All-Share Index rose by 0.86%

The Nigerian stock market index rose by 0.86% on Tuesday to conclude at 55,806.26 points. As a result, the market capitalization increased by N260.31 billion to close at N30.40 trillion and the year-to-date (YTD) return increased to 8.89%.

Trade turnover settled higher with a total of 4,435 transactions involving 237.17 million shares worth N4.39 billion completed

The market activities was driven by ZENITHBANK (+2.12%), GTCO (+2.50%), DANGCEM (+2.21%). With 39.98m units traded, FIDELITYBK (+2.00%) headed the volume chart, while DANGCEM (+2.21%) won the value chart with trades totaling 1.58bn.

On the leader’s log, STANBIC (+9.88%) outperformed twenty-nine (29) other competitors, while FLOURMILL (-8.44%) outperformed four (4) others.

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