Stock Market Investors Gain N95bn

The equities market of the Nigerian Exchange Limited upturned the previous day’s loss with a N95.34bn gain on Tuesday following renewed buying interest in 27 stocks.

The NGX All-Share Index increased by 0.45 per cent to close at 40,896.96 basis points from 40,714bps on Monday, while the market capitalisation of stocks rose to N21.31tn from N21.22tn on Monday.

The total volume and value traded appreciated by 194.75 per cent and 96.72 per cent, respectively.

A total of 563.88 million units of shares valued at N5.1bn were traded in 4,253 deals, compared to 91.31 million shares valued at N2.58bn in 4,395 deals recorded the previous day.

FBN Holdings Plc emerged as the most traded stock in terms of volume, accounting for 56.28 per cent of the total volume of trades on the floor of the NGX on Tuesday.

It was followed by Champion Breweries Plc (8.85 per cent), Ecobank Transnational Incorporated (6.75 per cent), United Bank for Africa Plc (4.00 per cent), and Fidelity Bank Plc (2.94 per cent).

FBN Holdings was the most traded stock in value, representing 64.65 per cent of the total value of trades on the exchange.

Champion Breweries Plc led the 27 gainers to emerge as the most profitable stock of the day, with a price appreciation of 10.00 per cent and closing at N2.53 per share.

It was followed by Cornerstone Insurance Plc, which rose by 9.80 per cent, ending the day at N0.56 per share. Other top gainers on Tuesday were FBN Holdings (9.79 per cent), Sovereign Trust Insurance Plc (9.09 per cent), and LivingTrust Mortgage Bank Plc (8.96 per cent).

Atop the losers’ chart was Consolidated Hallmark Insurance Plc as its share price dipped by 6.78 per cent to close at N0.55.

Japaul Gold and Ventures Plc followed with a 6.25 per cent drop to close at N0.45 per share.

NEM Insurance Plc, Ikeja Hotel Plc, and Oando Plc declined in price by 3.81 per cent, 3.51 per cent, and 3.46 per cent respectively.