Nigerian stocks on Tuesday, concluded with a market capitalisation of N20.03 trillion, the biggest in two weeks, as investors gained N103.23 billion at the close of trade.
The Nigerian Exchange Limited All-Share Index gained 0.52 per cent to close at 38,418.04 basis points on Monday, up from 38,220.01bps.
The number of shares traded increased by 2.23 per cent to 288.93 million worth N2.42 billion in 4,640 trades, up from 282.62 million worth N1.87 billion in 4,788 deals on Monday.
28 businesses had their share prices rise at the end of trading on the NGX floor, with May & Baker Nigeria Plc leading the gainers’ chart with a 9.65 per cent increase to N4.43 per share.
UACN Property Development Company Plc followed, rising 9.57 per cent to N1.03 per share. Consolidated Hallmark Insurance Plc, University Press Plc, and Berger Paints Plc were also among the top gainers.
At the end of trading on the NGX floor, ten stocks, led by Eterna Plc, experienced price losses.
Eterna fell 9.73 per cent to N6.77 per share at the close. It was followed by Linkage Assurance Plc, which saw its share price fall by 9.41% to N0.77 per share. Other notable losers for the day included Unity Bank Plc, Coronation Insurance Plc, and Jaiz Bank Plc.
According to Cordros Securities, the year-to-date market return is down 4.60 per cent, while the month-to-date and week-to-date returns are up 1.35 per cent and 0.54 per cent, respectively.
Seplat received N418.50 million, Zenith Bank Plc received N280.97 million, FBN Holdings Plc received N242.56 million, United Bank for Africa Plc received N174.87 million, and Guaranty Trust Holding Company Plc received N164.03 million.
Fidelity Bank Plc led the chart in terms of volume, with 42.07 million shares moved, followed by FBN Holdings Plc, which had 32.41 million shares exchanged.