BY BAMIDELE FAMOOFO
Stock market investors made a gain of N44.03 billion on the floor of the Nigerian Stock Exchange on Tuesday as market capitalization closed at N29 trillion on the last day of trading in January.
The Lagos bourse closed higher as the benchmark index gained 0.15 percent to settle at 53,238.67 points. Gains in GEREGU (+10.00%) drove the overall market’s strong performance. As a result, the year-to-date (YTD) return rose to 3.88 percent, while market capitalization gained N44.03 billion to close at N29 trillion.
Analysis of Tuesday’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 3.86 percent. A total of 250.19million shares valued at N5.88 billion were exchanged in 4,328 deals. GTCO (-0.20%) led the volume chart with 14.16million units traded, while AIRTELAFRI (+0.00%) led the value chart in deals worth N3.31billion.
Market breadth closed positive at a 1.57-to-1 ratio with advancing issues outnumbering declining ones. GEREGU (+10.00%) topped twenty-one (21) others on the gainer’s table, while CHAMS (-10.00%) led thirteen (13) others on the leader’s log.