The Nigerian Stock Exchange gained N13bn at the close of trading on Tuesday, driven by performances in consumer and industrial stocks. The market capitalisation of the exchange now stands at N95.3tn.
The All-Share Index inched up by 21.23 points to close at 149,459.11, representing a one-week gain of 1.71 per cent, a four-week gain of 3.08 per cent, and a year-to-date gain of 45.21 per cent. Other indices that recorded gains included the Insurance Index, which rose 0.36 per cent; the Consumer Goods Index, up 0.21 per cent; and the Pension Index, up 0.07 per cent.
A total of 912,582,020 shares were traded in 23,678 deals, representing a market value of N20.2bn. Compared with Monday’s trading session, volume rose by 65 per cent, turnover increased by 52 per cent, while the number of deals declined by 18 per cent.
In all, 129 listed equities participated in trading, with 31 stocks recording gains and 26 stocks posting losses. Aluminium Extrusion Industries led the gainers with a ten per cent share price appreciation, closing at N9.35 per share. This was followed by Guinness Nigeria, which rose by 9.98 per cent to N263.40; MeCure Industries, which gained 9.95 per cent to N45.85; and Multiverse Mining and Exploration, also up 9.95 per cent to N12.15. Other notable gainers included Sovren Insurance, which increased by 9.89 per cent to N4.11, and Sunu Assur, up 7.96 per cent to N4.34.
On the losing side, Haldane McCall recorded the largest decline, falling by 9.93 per cent to N3.72 per share. This was followed by LivingTrust Mortgage Bank, down 9.09 per cent to N3.50; Veritas Kapital Assurance, also down 9.09 per cent to N1.60; Linkage Assurance, which shed 5.71 per cent to N1.65; and Champion Breweries, down 5.63 per cent to N13.40.
Access Holdings recorded the highest volume of 385,834,219 shares traded, followed by Sterling Bank with 85,488,191 shares, FCMB Group with 75,689,568 shares, First HoldCo with 51,923,443 shares, and AIICO with 36,690,774 shares. Access Holdings also led in value with N7.72bn, followed by First HoldCo with N1.83bn, GTCO with N1.50bn, Zenith Bank with N0.92bn, and MTN with N0.80bn.
On Monday, the Nigerian Exchange Limited closed the first weekday of trading on a modest positive note, gaining about N3bn as investors adopted a cautious stance amid mixed sentiment across sectors.
