Investors grab N102.4bn as All-Share Index gains 0.36%



Uba Group

Stock market investors counted their gains on Tuesday as the All Share Index closed 0.36 percent higher to settle at 52,419.33 points as Nigerian equities extended the bullish run.

Gains in Tier-1 banking names ZENITHBANK (+1.45%), GTCO (+4.15%) and ACCESSCORP (+1.50%) were the main drivers of the market’s overall performance.

Consequently, the year-to-date return rose to 2.28 percent while the market capitalization rose by ₦102.39 billion to close at ₦28.54 trillion.

Analysis of the day’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 21.25 percent.

A total of 576.85 million shares valued at ₦6.79 billion were exchanged in 6,143 deals.

UBA (+2.38%) led the volume chart with 94.31m units traded, while ZENITHBANK (+1.45%) led the value chart in deals worth ₦1.40 billion.

Market breadth closed positive at a 1.50-to-1 ratio with advancing issues outnumbering declining ones. NB (+9.97%) led 23 others on the leader’s log while COURTVILLE (-6.52%) topped 15 others on the laggard’s table.