The Nigerian Exchange Limited (NGX) kicked off the week’s trading session on a positive note, adding 0.23%, or N131 billion, to its market capitalisation on Tuesday.
The NGX began the day at N56.002 trillion and finished at N56.133 trillion.
A closer look at the data revealed that the All-Share Index also rose by 0.23%, gaining 229 points to close at 97,685.64, up from 97,456.62 on Friday.
Consequently, the year-to-date return for the ASI has climbed to 30.64%.
Investor interest in companies like Geregu, FBN Holdings, Guaranty Trust Holding Company (GTCO), United Bank for Africa (UBA), and Dangote Sugar helped propel the market into positive territory.
However, the market breadth remained even, with 26 gainers and 26 losers recorded on the trading floor.
On the gainers’ list, FBN Holdings and Flour Mills led the way, each up by 10% to close at N31.90 and N54.50 per share, respectively.
Conversely, Eterna topped the losers’ chart, dropping by 10% to finish at N27.90 per share.
Market activity analysis indicated a significant increase in trade turnover compared to the previous session, with transaction values rising by 45.31%.
Investors traded 471.30 million shares valued at N9.40 billion across 12,061 deals, compared to 412.90 million shares worth N6.47 billion in 8,803 deals the day before.
In terms of trading volume, Japaul Gold led with 72.27 million shares, while FBN Holdings topped the value chart with transactions amounting to N1.46 billion.
Overall, the consumer and banking sectors were the main drivers of the gains, whereas the oil and gas sector experienced a decline.
