Investors in the Nigerian equities market gained N3.3 trillion at the close of trading on Tuesday to bounce back from the previous day’s loss.
This followed a surge in the share prices of stocks such as IMG, FTN Cocoa and Wapco, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 228,740.19 points from the 223,602.29 points recorded on the previous trading day.
After five hours of trading on the capital market, equity capitalisation surged to N147.2 trillion from N143.9 trillion posted by the bourse on Monday.
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The market breadth was positive, with 39 stocks advancing, 37 declining, and 72 remaining unchanged in 72,886 deals.
A total of 907,962,492 shares were traded, valued at N68.2 billion.
IMG, FTN Cocoa and Wapco led the gainers’ chart, with 10% growth each in share prices, respectively, to close at N39.60, N5.50 and N324.50 per share, up from N36.00, N5.00, and N295.00 per share.
UBA, Trans Expr, and Jaiz Bank led other price decliners, with declines of 10%, 9.99%, and 8.98%, respectively, to close at N44.55, N6.40, and N8.01 per share, down from N49.50, N7.11, and N8.80 per share, respectively.
On the volume index, Access Holding led trading with 219 million shares in 4,493 deals, followed by Fidelity Bank, which traded 64 million shares in 1, 540 deals.
Wema Bank traded 49 million shares in 1, 633 deals.
On the value index, Nestle traded stocks valued at N15.2 billion in 274 deals, followed by Aradel, which traded equities worth N8.6 billion in 2,779 deals.
Access Holding traded shares valued at N5.7 billion in 4,493 deals.
Babajide Okeowo