NAN
Lagos: On Tuesday, the Nigerian stock market continued its upward trajectory, gaining N754 billion.
Market capitalisation rose by N754 billion, or 1.02 per cent, to N75.576 trillion, compared to N74.812 trillion recorded on Monday.
Similarly, the All-Share Index (ASI) climbed by 1,211.17 points or 1.02 per cent to reach 119,790.82, up from 118,579.65 on Monday.
The upward trend was driven by strong buying interest in medium—and large-capitalised stocks, such as Beta Glass, Dangote Sugar, Okomu Oil, and 58 others.
Also, the market breadth closed positively, with 61 gainers and 23 losers.
Beta Glass led the gainers’ chart by 10 per cent, ending the session at N333.95, while Dangote Sugar also increased by 10 per cent, closing at N44.00 per share.
Okomu Oil soared by 10 per cent, settling at N748.00, and UPDC Real Estate Investment Trust climbed by 10 per cent, finishing at N3.30 per share.
Also, Champion Breweries grew by 9.98 per cent, closing at N9.92 per share.
On the losers’ chart, DAAR Communications fell 7.81 per cent, settling at 59k, while Prestige Assurance shed 5.56 per cent, closing at N1.02 per share.
Industrial Medical Gases dropped by 4.30 per cent, finishing at N33.40, and NPF Micro Finance Bank declined by 4.25 per cent, ending the session at N2.03 per share.
Similarly, Aradel Holdings dipped by 4.06 per cent, closing at N515.00 per share.
868.68 million shares worth N23.71 billion were traded across 22,207 transactions.
This contrasts with 653.66 million shares worth N21.33 billion that were exchanged across 22,206 transactions earlier.
Transactions in the shares of Livingtrust Mortgage Bank topped the activity chart with 112.27 million shares worth N415.68 million.
Royal Exchange followed with 103.58 million shares valued at N113.79 million, while Fidelity Bank transacted 83.93 million shares worth N1.63 billion.
Access Corporation sold 55.60 million shares valued at N1.26 billion, and Zenith Bank traded 34.21 million shares worth 1.77 billion.
