Investors Gain N343bn as NGX ASl Rises 0.52%

Samuel Mobolaji

Investors on the Nigerian Exchange gained N343 billion on Tuesday as the All-Share Index advanced by 0.52 per cent to close at 105,283.67 points. This positive movement lifted the market capitalisation to N66.16 trillion and pushed the year-to-date return to 2.28 per cent.

Market activity was upbeat, with trade turnover increasing by over 154 per cent from the previous session. A total of 744.80 million shares valued at N18.28 billion were traded in 11,226 deals. FIDELITY Bank led both the volume and value charts, recording 388.77 million shares worth N7.75 billion.

The market breadth closed positive, with twice as many gainers as losers. ABCTRANS topped the gainers’ chart with a 9.86 per cent increase, while ABBEY Mortgage Bank declined by 9.95 per cent to lead the laggards.

On the NASD OTC market, the negative sentiment persisted as the NSI dropped 0.48 per cent to 3,259.1 points, and market capitalisation fell to N1.91 trillion. Although volume surged by over 500 per cent to 1.05 million units, the value traded fell by 9.05 per cent to N2.60 million, with deal count down by 31.25 per cent to 11.