Investors gain ₦963 billion as stocks rally
The Nigerian equities market extended its bullish run on Tuesday, as investors gained ₦963 billion amid sustained buying interest in major stocks.
The market capitalisation, which opened at ₦95.171 trillion, added ₦963 billion or 0.01 per cent to close at ₦96.134 trillion.
Similarly, the All-Share Index rose by 0.01 per cent or 1,516.10 points, closing at 151,456.91 compared with 149,940.81 recorded on Monday.
Gains in SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, Vitafoam, and 23 other equities strengthened the market’s performance.
In spite of the rally, market breadth closed negative, recording 30 losers against 28 gainers.
Livingtrust Mortgage Bank led the losers by 9.91 per cent to close at ₦4. Conoil trailed by 5.83 per cent at ₦190.70, while Africa Prudential fell 5.69 per cent to ₦14.10.
Sovereign Trust Insurance declined by 3.95 per cent to ₦3.65, and NPF Microfinance Bank dropped 3.75 per cent to ₦3.08 per share.
On the gainers’ table, SCOA Nigeria led by 7.74 per cent to close at ₦7.10. Omatek Ventures followed with 7.48 per cent at ₦1.58, and Consolidated Hallmark Holdings rose 6.70 per cent to ₦4.78.
BUA Foods appreciated by 6.54 per cent to ₦692.50, while Vitafoam increased 5.92 per cent to ₦94 per share.
A total of 551.92 million shares worth ₦20.54 billion were traded in 27,518 deals.
Fidelity Bank led in trading volume with 59.1 million shares valued at ₦1.18 billion.
VFD Group followed with 39.31 million shares worth ₦424.7 million, while Japaul Gold traded 37.7 million shares valued at ₦94.9 million.
Access Corporation exchanged 37.4 million shares worth ₦950.1 million, and Guaranty Trust Holding Company sold 31.4 million shares valued at ₦2.92 billion.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Synergy key to operational success, GOC tells security agencies
Abubakar Wase, the general officer commanding 1 Division, has reiterated the importance of synergy among security agencies and stakeholders.
Politics
Imo: Digital literacy board bill passes second reading
A bill for a Law to establish the digital literacy board in Imo passed its second reading in the Imo House of Assembly on Tuesday.
States
FRSC laments tanker explosion deaths
FRSC blamed death on ignorance, greed, and disregard for safety warnings.
States
French military academy collaborates with NDA on education, training
Mr Charpy noted the importance of strengthening ties between Nigeria and France, particularly in military training and education.
Economy
TCN energises power transformers at Agbara, Ajah substations in Lagos
TCN spokeswoman Ndidi Mbah said in a statement on Tuesday that both substations were under the Lagos region.
Agriculture
FG eyes public-private partnership to drive agrifood systems
The agriculture minister, Abubakar Kyari, said this at a high-level panel discussion at the FAO Hand-in-Hand Sahel Regional Initiative in Rome, Italy.
