Key equities, led by Lafarge WAPCO, helped the Nigerian equity market conclude Tuesday’s trading session on a high note, gaining N136 billion.
With 333,948,810 shares traded in 9,187 deals and a market turnover of N6.42 billion, the Nigerian Stock Exchange’s market capitalization grew by 0.23 percent to close at N59.4 trillion.
This indicates a 20% increase in turnover and a 2% increase in the number of trades, but a 19% drop in volume from the previous trading day.
Additionally, the All-Share Index closed at 97,972.33 points, up 0.23 percent. This raises its gain for the year to 31.02 percent.
With 38 stocks increasing in value and 23 stocks seeing price decreases, the market breadth ended the day on a positive note.
With a 10% rise in share price, Lafarge WAPCO led the gainers, finishing at N50.60 per share. Closely after, Unilever Nigeria saw a 10% increase, closing at N26.95 per share.
Other noteworthy winners were SCOA Nigeria, which increased by 9.94% to close the day at N1.88 a share, and Eunisell Interlinked plc, which gained 9.94% to close at N14.49. Furthermore, Tantalizer increased 9.76% to conclude at N0.90 per share, while JOHNHOLT gained 9.89% to close at N9.33.
The biggest loss, on the other hand, was PZ Cussons Nigeria, whose share price fell 9.82% to close at N22.50. Berger Paints fell 7.71 percent to settle at N17.35, while Initiates plc followed with an 8.7 percent decline, closing at N2.10.
Consolidated Hallmark Insurance, which lost 4.5% and closed at N1.91, and Honeywell Flour Mills, which dropped 4.85% to N4.12, were among the other decliners. Omatek Ventures closed at N0.65 per share, down 4.41 percent as well.
With 37.8 million shares, Access Holdings had the largest trading volume. Japaul Gold and Ventures, Chams, and Consolidated Hallmark Holdings were next with 26.5 million, 23.7 million, and 16.4 million shares, respectively.
While the Insurance Index jumped 1.9%, the Industrial Index grew by 0.55%, and the Premium Index improved by 0.54%, the Top 30 Index also had a 0.22 percent gain. The Oil & Gas Index, which increased by 0.35 percent, and the Pension Index, which increased by 0.28 percent, were two other noteworthy indexes that had strong performances.
As stocks saw favorable growth, the Nigerian Stock Exchange reportedly maintained its optimistic trend at the end of the first trading week, closing with a gain of N15 billion. The All-Share Index closed at 97,747.27, up 24.99 points, or 0.03 percent. To settle at N59.23 trillion, the market capitalization increased by 0.03 percent.
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