Equities market records N28.8bn gain | Dailytrust

Equities market records N28.8bn gain

Trading hall of the Nigeria Stock exchange, Lagos.
Trading hall of the Nigeria Stock exchange, Lagos.

Equities trading at the Nigerian Stock Exchange (NSE) on Tuesday recorded N28.8 billion gain, a positive performance with the All-Share Index advancing from 31bps to 25,654.90 points.

The gains were in MTNN (+2.4%), Dangote Sugar (+0.8%) and FBNH (+2.0%). The market capitalisation rose to ₦13.4 trillion as investors gained ₦28.8bn while year to date loss improved to -4.4 per cent.

Activity level advanced as volume and value traded rose 33.6% and 158.8% respectively to 262.1m units and ₦4.4bn.

The most traded stocks by volume were Zenith (45.9 million units), FBNH (24.1m units) and Transcorp (20.9m units) while MTNN (₦1.6bn), Zenith (₦766.3m) and Presco (₦626.9m) led by value.

Sector performance was lackluster as 5 of the 6 indices that we cover closed in the negative region.

Investor sentiment as measured by market breadth fell to 0.5x from the 0.6x recorded previously as 9 stocks gained against the 17 that lost.


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