Flour Mills (+9.93 percent) and Geregu Power (+9.05 percent) were among the top gainers on Tuesday, driving the market capitalisation of the Nigerian Exchange Limited up by N187bn to close at N36.929tn.
This marked a turn from three days of consecutive negative trading on the local bourse.
The All-Share Index rose by 0.51 percent to close at 67,217.77 points. Hence, the year-to-date performance of the index increased to 31.15 percent.
Market activity was upbeat with total deals, volume, and value advancing by 2.27 percent, 1.68 percent, and 44.26 percent respectively to 6,272 trades, 319.90 million units, and N6.33bn. The number of stocks traded at the close of the day’s session stood at 120.
Performance across subsector gauges was mixed, with the NGX Banking and the NGX Consumer Goods indices increasing by 1.44 percent and 0.54 percent while the NGX Insurance index lost 0.46 percent, the Oil & Gas and Industrial Goods sectors remained unchanged.
With the bullish sentiments in the market on Tuesday, the exchange recorded 21 gainers against 13 losers.
Other gainers include University Press Plc, whose share price rose by 9.81 percent to close at N2.35 per unit, Chams gained 9.37 percent to close at N1.75 and Thomas Wyatt closed trading at N4.35 after appreciating by 9.02 percent.
The shares of VFD Group stayed on the losers’ chart for the second day this week as it depreciated by 9.98 percent to close at N218.20 per share, ABC Transport depreciated by 9.88 percent to close at N0.73, Consolidated Hallmark Insurance lost 9.17 percent to close at N1.09 per unit.
