Investors gains N166bn on NGX  Tuesday

Equity investors on the Nigerian Exchange Ltd. (NGX) on Tuesday recorded a gain of N166 billion as the market closed on a positive note

The Market Capitalisation closed at N38.989 billion as against N38.823 billion posted at the end of Monday trading, representing 0.43 per cent increase.

The NGX All-Share Index grew by 303.34 points or 0.43 per cent to close at 71,250.17 basis points, as against 70,946.83 recorded on Monday.

The NGX ASI year-to-date return was at 39.02 per cent while market activities measured by volume traded increased by 20.93 percent.

The total volume traded advanced by 20.93 per cent to close at N433.57 million valued at N11.11 billion and traded in 7,016 deals.

UACN was the most traded stock by volume with N61.71 mlion, while NIDF was the most traded stock by value with N2.22 billion units traded.

The market recorded 40 gainers, 15 losers, and 64 unchanged.

NSLTech topped the gainers’ chart by 10 per cent to close at 77k per share.

Multiverse followed with a gain 9.95 per cent to close at N7.07, while Sunu Assurance rose by 9.92 per cent to close at N1.33 per share.

First Bank of Nigeria Holdings (FBNH) went up by 9.86 per cent to close at N26.75, while Thomaswy appreciated by 9.82 per cent to close at N3.02 per share.

On the other flip side, Abbey Buildings led the losers’ chart in percentage terms by 9.88 per cent to close at N1.55 per share.

FTN Cocoa Processors of Nigeria followed with 9.09 per cent to close at N1.50 per share.

Daar Communication shed 8.82 per cent to close at 31k, while Wapic Insurance s lost 7.14 per cent each to close at 65k.

Also, Veritable Kapital declined by 5.41 per cent to close at 35k per share.