Oando, Aradel, GTCO, 12 other Drive NGX to N197BN Gain

The Nigerian equities market traded with positive sentiments on Tuesday driven by buying interests in OANDO (+7.9%), ARADEL (+6.1%), and GTCO (+3.2%).

At the close of the Tuesday trading session, the NGX All-Share Index (ASI)) expanded by 0.3% to close at 98,540.93 points.

Consequently, the Month-to-Date and Year-to-Date returns printed 0.0% and +31.8%, respectively.

The total volume traded decreased by 8.8% to 278.13 million units, valued at N26.51 billion, and exchanged in 9,481 deals. ACCESSCORP was the most traded stock by volume at 45.95 million units, while ARADEL was the most traded stock by value at N20.76 billion.

Sectoral performance was mixed as the Oil & Gas (+0.1%) and Consumer Goods (+0.1%) indices gained, while the Insurance (-2.1%) and Banking (-0.8%) indices declined. The Industrial Goods index closed flat.

As measured by market breadth, market sentiment was negative (0.6x), as 27 tickers lost relative to 15 gainers.

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