NGX closes positive with market capitalisation up N58bn

By Cynthia Ezekwe

The Nigerian Exchange (NGX) closed with positive index appreciation on Tuesday as market capitalization grew by N58 billion to close at N28,475 trillion.

The All-share Index (ASI) appreciated by 0.20 per cent to close at 52,296.48 points.

Meanwhile, a total of 550.2 million units of shares were traded in 6,250 deals valued at N5.15 billion

Market breadth closed positive as CONOIL led 30 gainers, against 23 losers topped by GEREGU.

CONOIL led the gainers chart as it appreciated 10.00 per cent to close at N44.00; UBN was up 10.00 per cent to close at N7.70; MULTIVERSE grew by 9.71 per cent to close at N3.05; NAHCO gained 9.62 per cent to close at N13.10; while NB was up 9.38 per cent to close at N35.00.

On the contrary, GEREGU led the losers chart as it shed 10.00 per cent to close at N290.70; TRANSCORP was down 9.96 per cent to close at N2.53; AFRIPRUD declined by 40 per cent to close at N5.30;
INTBREW lost 8.51 per cent to close at N4.30; while IKEJAHOTEL depreciated 6.85 per cent to close at N1.36.

At the end of trading activities on Tuesday, the Year-to-Date (YtD) returns settled at 1.35 per cent, while the stock market advanced by 700.82 basis points.