Business and Economy

The Nigerian stock market gains 3.57% (N1.57 trillion) on Tuesday’s Trading Activities

The Nigerian stock market continued its winning streak for the sixth consecutive session, pushing the benchmark index up by 3.57% to close at 83,191.84 points. This resulted in a year-to-date return of 11.26% and an increase in market capitalization by ₦1.57trn, closing at ₦45.52trn.

Despite some losses in certain stocks like TOTAL, CHAMPION, and CWG, the market saw strong buying interest in DANGCEM, MTNN, and BUAFOODS, which helped offset the losses.

The value of transactions increased by 61.77%. A total of 1.41bn shares valued at ₦24.68bn were exchanged in 17,144 deals. FIDELITYBK led the volume chart with 141.75m units traded, while UBA led the value chart with deals worth ₦3.78bn. FBNH topped the leader’s table with a 10.00% increase, while TOTAL led the laggard’s log with a 10.00% decrease.

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