The Nigerian Exchange (NGX) Limited further appreciated by 0.53 per cent on Tuesday on the back of strong appetite for some large and mid-cap equities.
During the session, Airtel Africa led the gainers’ log after it appreciated by 10.00 per cent to sell for N4,021.20, International Energy Insurance grew by 9.90 per cent to N8.77, Abbey Mortgage Bank advanced by 9.76 per cent to N11.25, Infinity Trust Mortgage Bank improved by 9.63 per cent to N10.25, and First Holdco surged by 8.49 per cent to N69.00.
Conversely, Learn Africa, Trans-Nationwide Express, Okomu Oil, Unilever Nigeria, and NAHCO lost 10.00 per cent each to trade at N9.45, N4.41, N1,575.00, N140.40, and N170.55, respectively.
Business Post reports that the bears and the bulls shared the spoils on the price movement index, after Customs Street ended with 33 price gainers and 33 price losers.
The bourse witnessed sell-offs yesterday, which caused three of the five key sectors to close in the red.
The industrial goods space lost 0.99 per cent, the consumer goods index declined by 0.83 per cent, and the energy sector shed 0.14 per cent.
However, a 1.33 per cent surge posted by the banking counter and the 0.24 per cent growth recorded by the insurance sector offset the losses.
As a result, the All-Share Index (ASI) went up by 990.55 points to 244,697.62 points from 243,707.07 points, and the market capitalisation increased by N636 billion to N156.944 trillion from N156.308 trillion.
A total of 1.3 billion stocks valued at N57.9 billion exchanged hands in 59,956 deals during the trading day versus the 717.2 million stocks worth N56.7 billion traded in 73,321 deals on Monday, indicating an improvement in the trading volume and value by 81.26 per cent and 2.12 per cent, respectively, and a shortfall in the number of deals by 18.23 per cent.
Sterling Holdings transacted 715.7 million shares for N5.4 billion, GTCO sold 49.2 million stocks worth N6.7 billion, FCMB exchanged 34.4 million equities valued at N412.8 million, Veritas Kapital traded 29.1 million shares worth N48.0 million, and Access Holdings exchanged 27.3 million stocks for N680.8 million.