Stock Investors Gain N177.84bn As NGXASI Advances By 0.73%

Nigerian equities market closed positive as the key market indicator advanced by 326.51 basis points amid negative market breadth on Tuesday.

Consequently, the Nigeria Exchange Limited (NGX) All-Share Index advanced by 0.73% to close at 44,788.14 basis points as against 0.15% gain recorded previously to close at 44,461.63 basis points at the end of the last trading session. Meanwhile, the year-to-date performance of the market saw uptick to +4.85%

The total volume traded advanced by 120.12% to close at 159.21 million share units, valued at N2.73 billion and traded in 3,385 deals.

Trading data obtained from the NGX showed that MBENEFIT was the most traded stock by volume with 47.43 million units traded while AIRTELAFRI was also the most traded stock by value which is put at N1.01 billion.

Sectoral performance was broadly negative as five NGX sector index closed northward, 10 closed southward while three 3 closed flat.

The NGX-IND index advanced by 4.01% to top the gainers chart while the NGXMERIGRW Index dipped by 0.91% to top the losers’ chart.

Gote index closed flat at 128.24 basis points and the Toni index declined by 0.38% to close at 105.89 basis points.

At the close of trading, market recorded seven gainers to 19 losers and 72 unchanged, leaving the market breadth also in the read.  BUACEMENT topped the list of gainers while ROYALEX topped the list of losers.

The turnover for the session was mostly ballooned by trading in the shares of MBENEFIT as it led the volume’s chart with 29.79% contribution and closely followed by STERLNBANK and JAIZBANK

On the value traded chart, AIRTELAFRI tops the value’s chart with 37.19% contribution and closely followed by MTNN and GTCO