Investors on Nigerian bourse gain N51bn Tuesday

Trading on the Nigerian Exchange (NGX) closed positive on Tuesday as investors on the Exchange went home with N51 billion gains.

The market capitalization of the Exchange which is the summation value of the market opened thee day trading at N32.134 trillion closed the day trading activities at N32.185 trillion, translating to a growth N51 billion, representing 0.16 per cent

Consequently, the All-Share Index (ASI) improved by 0.16 per cent to close at 59,110.02 as against 59,014.85 with which the market closed the previous day’s trading session.

The NGX data show that the market breadth closed positive as Academy Plc (10.00%) led the gainers’ table and CILEASING (-10.00%) led the losers’ while UBA Plc was the most traded equity by volume and  GTCO was the most traded by value at the end of day’s trading session.

Trading volume also decreased by -34.05% from the previous day’s session as N588.85 million units of shares were traded today.

The NGX reported that the volume traded during the day’s sell-offs and buy-in session totaled 588.85 million for a value of  N8.96 billion in 8,272 deals.

The market indices indicated that the top five gainers at the close of trading on Tuesday include ACADEMY, which gained 10.00% to close at N1.98 per share; while CHAMS gained 10.00% to close at N0.44 per share; GUINEAINS gained 10.00% to close at N0.22 per share; SKYAVN appreciated by 10.00% to close at N7.70 per share; and LEARNAFRCA gained 9.92% to close at N2.66 per share

CILEASING led the losers’ table with -10.00% depreciation to close at N4.05 per share; followed by CORNERS, which was down by -9.82% to close at N1.01 per share; NSLTECH was also down by -8.70% to close at N0.42 per share; VERITASKAP also was down by -8.70% to close at N0.21 per share; and RTBRISCOE, which also depreciated by -8.11% to close at N0.34 per share

UBA topped as the most active stock for the day with 78,511,818; GTCO: 65,398,595; and TRANSCORP: 33,706,038 while the top three by value comprised GTCO: N2, 107,188,787; UBA: N907,474,129; and ACCESSCORP: N466,626,957.