Stock market closes bullish with market capitalization up N2b

By Cynthia Ezekwe

Trading activities on the Nigerian Exchange (NGX) platform closed positive on Tuesday as market capitalisation grew by N2 billion to close at N27,852 trillion.

The All-share Index (ASI) appreciated by 0.02 per cent to close at 51,138.92 points.

A total of 1.81 million units of shares were traded at 4,669 deals, valued at N5.02 billion.

The market breadth closed flat as TRANSCORP led 21 gainers, and 21 losers topped by VITAFOAM.

TRANSCORP led the gainers chart as it grew by 9.73 per cent to close at N2.03; RTBRISCOE was up 9.09 per cent to close at N0.24; INTENEGINS appreciated 7.50 per cent to close at N1.29; NAHCO gained 5.45 per cent to close at N11.60; while AFRIPRUD grew by 4.81 per cent to close at N5.45.

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However, VITAFOAM topped the losers chart as it shed 8.65 per cent to close at N16.90; LINKASSURE was down 8.33 per cent to close at N0.44; SOVRENINS depreciated 6.90 per cent to close at N0.27; while COURTVILLE sheddown 0.42 per cent to close at N0.42

At the end of trading activities on Tuesday, the Year-to-Date (YtD) returns settled at 0.88 per cent, while the stock market advanced by 456.74 basis points.