Investors gain N102bn on NGX, market rebounds

At the close of Tuesday’s trading session on the floor of the Nigerian Exchange Limited, the All-Share Index appreciated by 0.50 per cent to close at 38,881.70 basis points amid bargain hunting activity.

Renewed sentiment also saw the market capitalisation advance by 0.50 per cent to N20.27tn, as investors gained N101.8bn.

The NGX gainers table, however, showed that 15 companies’ stocks traded up against 17 stocks that declined, while the year-to-date loss of the ASI fell to -3.44 per cent.

Dangote Cement, Okomu Oil Palm, Flour Mills of Nigeria, Guaranty Trust Bank and Eterna were the toast of investors as their share prices increased by 2.27 per cent, 10 per cent, 2.46 per cent, 0.35 per cent and 2.56 per cent respectively.

Sectoral performance was positive as three out of the five indices tracked closed in the green.

The consumer goods, oil and gas and industrial indices rose by 0.57 per cent, 0.08 per cent and 1.04 per cent respectively, while the banking and insurance indices dropped by 0.05 per cent and 1.03 per cent respectively.

Trading activity remained positive as total volume and value of stock traded rose.

Hence, the total volume of stocks appreciated by 3.68 per cent to 218.51 million units, valued at N1.59bn in 3,630 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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