Lagos: The Nigerian equities market ended Tuesday on a bullish note, adding N884 billion to investors’ portfolios.
Buying interest in Stanbic IBTC, Ecobank Transnational Incorporated (ETI), Nigerian Exchange Ltd., Cornerstone Insurance, Mercure, and 37 other advancing equities drove the market’s positive performance.
Furthermore, market capitalisation rose by 0.67 per cent, increasing from N131.608 trillion to N132.492 trillion.
Similarly, the All-Share Index rose 1,372.52 points, or 0.67 per cent, from 204,458.86 to 205,831.38.
As a result, the Year-to-Date return reached 32.27 per cent.
Market breadth closed positive, with 42 gainers and 21 losers.
Stanbic IBTC and Ecobank Transnational topped the gainers’ chart by 10 per cent each, settling at N161.70 and N50.60 per share, respectively.
Also, NGX Group gained by 9.97 per cent, closing at N168.75, Cornerstone Insurance added by 9.94 per cent, finishing at N5.64, while Mercure increased by 9.92 per cent, closing at N67.60 per share.
Conversely, Fortis Global Insurance led the losers’ chart by 8.20 per cent, ending the session at N1.12, Mc Nichols trailed by 8.17 per cent, finishing at N6.52, and Academy lost by 6.96 per cent, settling at N7.35 per share.
International Energy Insurance dropped by 6.88 per cent, closing at N3.25, while Guinea Insurance fell by 5.83 per cent, ending the session at N1.13 per share.
Analysis of market activity revealed 21 per cent growth in volume, a 0.62 per cent decline in value, and a 25 per cent fall in deals.
A total of 569.3 million shares, valued at N32.25 billion, were traded across 45,777 transactions, compared with 470.01 million shares valued at N32.45 billion that were traded across 60,793 deals earlier on Monday.
Meanwhile, Access Corporation led the activity chart in volume with 67.53 million shares worth N1.75 billion, while Zenith Bank followed with 39.74 million shares valued at N4.5 billion.
VFD Group sold 37.61 million shares valued at N422.99 million, Guaranty Trust Holding Company transacted 30.57 million shares valued at N3.79 billion, while Lasaco Assurance traded 26.31 million shares valued at N52.61 million.
