For the third consecutive session, the Nigerian stock market sustained its bullish run, as trading closed positively on Tuesday, building on the gains recorded on Monday due to sustained investors’ interests in WAPCO, UNILEVER, GUINNESS, CADBURY, FIDELITYBNK; 10.00 percent, 10.00 percent, 4.84 percent, 1.44 percent and 1.33 percent respectively.
As such, the All-Share Index and market capitalisation increased 0.23 percent, with the NGXASI closing at 97,972.33 points from 97,747.27 points on Monday.
Investors gained N136.38 billion as market capitalisation surged to N59.37 trillion, while the year-to-date return climbed to 31.02 percent.
The market breadth closed positively at a 1.5-to-1 ratio, with 34 gainers against 22 losers and 62 unchanged equities. WAPCO topped the gainers’ list, while PZ topped the losers’ list. Notably, WAPCO, and UNILEVER, traded at their 52-week high of N50.60, and N26.95, respectively at the close of market trading session.
The day’s trading turnover settled higher relative to the previous session, with the value transactions up by 20.33 percent. However, total volume traded declined 19.21 percent to close at 333.95 million shares, valued at N6.42 billion, were traded in 9,187 deals. ACCESSCORP was the most traded stock by volume and value, with 37.84 million units traded, worth N910.19 million.
