Nigerian bourse records marginal gain of 0.02% on Tuesday

Nigerian equities market recorded a marginal gain on Tuesday as the benchmark index inched up 0.02 per cent.

The Market All-Share Index added 11.4 basis points to closed the day transactions at 45,939.51, while Market capitalisation closed at N24.8 trillion.

Courtville led gainers chart appreciating by 10 per cent to close at N0.55, followed by ETI by 9.94 per cent to N9.95. Academy Press added 9.72 per cent to end trade at N0.79. Champion Breweries rose to N2.55, adding 8.05 per cent, while Regal Insurance rose by 5.26 per cent to close at N0.40.

On the flip side, C&I Leasing emerged highest loser of the day, declining by 10 per cent to close at N3.78. It was followed by Prestige which shed 9.80 per cent to close at N0.46. Cornerstone fell to N0.51, losing 3.77 per cent. Mutual Benefits recorded a loss in value of N0.26, translating to 3.70 per cent depreciation. UPDC closed at N1.12, going down by 3.45 per cent.

A total of 247.7 million shares valued at N3.6 billion were traded in 4,242 deals.

GTCO was the most active stock with 24.5 million units of its shares worth N625.3 million traded in 408 deals. Investors traded 21.4 million units pf Courteville shares valued at N11.8 million exchanged in 58 deals. Transcorp had 20.4 million shares valued at N21.6 million traded in 129 deals.

Zenith Bank was allso one the most traded stocks with 17.3 million shares valued at N440.5 million in 378 transactions. Chams traded 16.6 million shares valued at N3.3 million in 34 deals.

Market breadth, which measures investors’ sentiment was positive as there were 20 advancers as against 10 laggards.