NGX reverses negative trend, up by 0.01%

In all, the volume of trade rose by 61.72 percent as investors bought and sold 147.59 million shares valued at N2.39 billion transacted in 3,323 deals.

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Trading on Nigerian Exchange Ltd. (NGX) gained marginally on Tuesday as market capitalisation increased by N3 billion or 0.01 percent to close at 26.670 trillion against N26.667 trillion on Monday.

Similarly, the All Share Index appreciated by 5.10 basis points or 0.01 percent to close at 49,445.31 against 49,440.21 on Monday.

Consequently, the year-to-date (YTD) return increased to 15.75 percent.

Investors’ demand in shares of Tier-one banks such as FBN Holdings and Zenith Bank drove the performance of the market.

Also, equities that participated in the trading ended with 11 gainers and 14 losers.

A breakdown of the price movement table indicated that RT Briscoe led the gainers’ table, growing by 10 percent to close at 33k per share.

FBN Holdings followed with a gain of five percent to close at N10.50 and Linkage Assurance gained by 4.35 percent to close at 48k per share.

Regency Alliance Insurance appreciated by four percent to close at 26k, while Mutual Benefits Assurance increased by 3.70 percent to close at 28k per share.

On the other hand, Total topped the losers’ chart, dropping by 9.98 percent to close at N211.10 per share.

Learn Africa trailed with a loss of 9.71 percent to close at N1.86 and Honeywell Flour Mills dropped by 8.13 percent to close at N2.26 per share.

Cutix was down by 6.98 percent to close at N2, while NPFi Mcrofinance declined by 6.63 percent to close at N1.55 per share.

In all, the volume of trade rose by 61.72 percent as investors bought and sold 147.59 million shares valued at N2.39 billion transacted in 3,323 deals.

This was in contrast with 67.37 million shares worth N1.48 billion exchanged in 3,386 deals on Monday.

Guaranty Trust Holding Company (GTCO) was the toast of investors with an exchange of 35.82 million shares worth N693.69 million.

It was trailed by Capital Hotel having accounted for 21.57 million shares valued at N73.54 million and FBN Holdings sold 20.01 million shares worth N208.92 million.

Zenith Bank traded 11.09 million shares valued at N219.15 million, while Chams sold 7.87 million shares worth N2.35 million.