Local stock market halts negative trend as investors gain N43 billion
The Nigerian stock market reversed the previous day's loss on Tuesday, with the All-Share Index (ASI) rising 0.2% to close at 49,709.46 basis points.
Basically, equity trading at the Nigerian Exchange Limited (NGX) closed positively amid low turnover, ending three consecutive days of negative momentum.
With that, month-to-date and year-to-date performance was set at -1.31% and 16.37% from their previous close of -1.47% and 16, 18%, respectively.
Investors therefore gained 43 billion naira as market capitalization followed ASI's direction to stand at 26.812 billion naira, an increase of 0.16% from 26.769 billion naira. naira at the end of the previous trading session. .
The bears camp maintained their dominance in the overall market with 22 counters in the losers board against 10 counters in the winners board.
Cutix gained 7.50% to become the session's best performing stock, flanked by Lasaco Insurance, Union Bank of Nigeria, Academy Press and BUA Cement, while at the back of the chart, UPDCREIT, PZ, Courtville, Japaul Gold and Wapic Insurance filled out the top five losers chart.
Major sector indices closed in a mixed direction with the ASI, with the NGX Industry sector gaining the most weight, while the NGX Insurance sector lost the most weight, while the NGX Growth and NGX ASEM sectors have closed flat.
Market activity, as measured by trading volume, lost weight during the session, with daily traded volume standing at 204.163 million units, down 3.17% from at the volume of 210.836 million units traded in the previous session.
The value of these traded shares fell 25.02% during the session to 1.640 billion naira from a value of 2.188 billion naira recorded in the previous trading session.
FBN Holdings topped the volume charts as the most traded stock by volume for the trading session, followed by ETransazact, United Bank for Africa, Access Holdings Corporation and Eternal Oil to complete the list of top five stocks. traded by volume, while in terms of value of shares traded, FBN Holdings took the lead in the top five, flanked by Guaranty Trust Holding Company, Access Holdings Corporation, United Bank for Africa and Zenith Bank.
>READ ALSO IN NIGERIAN TRIBUNE
The Nigerian stock market reversed the previous day's loss on Tuesday, with the All-Share Index (ASI) rising 0.2% to close at 49,709.46 basis points.
Basically, equity trading at the Nigerian Exchange Limited (NGX) closed positively amid low turnover, ending three consecutive days of negative momentum.
With that, month-to-date and year-to-date performance was set at -1.31% and 16.37% from their previous close of -1.47% and 16, 18%, respectively.
Investors therefore gained 43 billion naira as market capitalization followed ASI's direction to stand at 26.812 billion naira, an increase of 0.16% from 26.769 billion naira. naira at the end of the previous trading session. .
The bears camp maintained their dominance in the overall market with 22 counters in the losers board against 10 counters in the winners board.
Cutix gained 7.50% to become the session's best performing stock, flanked by Lasaco Insurance, Union Bank of Nigeria, Academy Press and BUA Cement, while at the back of the chart, UPDCREIT, PZ, Courtville, Japaul Gold and Wapic Insurance filled out the top five losers chart.
Major sector indices closed in a mixed direction with the ASI, with the NGX Industry sector gaining the most weight, while the NGX Insurance sector lost the most weight, while the NGX Growth and NGX ASEM sectors have closed flat.
Market activity, as measured by trading volume, lost weight during the session, with daily traded volume standing at 204.163 million units, down 3.17% from at the volume of 210.836 million units traded in the previous session.
The value of these traded shares fell 25.02% during the session to 1.640 billion naira from a value of 2.188 billion naira recorded in the previous trading session.
FBN Holdings topped the volume charts as the most traded stock by volume for the trading session, followed by ETransazact, United Bank for Africa, Access Holdings Corporation and Eternal Oil to complete the list of top five stocks. traded by volume, while in terms of value of shares traded, FBN Holdings took the lead in the top five, flanked by Guaranty Trust Holding Company, Access Holdings Corporation, United Bank for Africa and Zenith Bank.
>READ ALSO IN NIGERIAN TRIBUNE
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