Bourse closes bullish with market capitalisation up N72b

By Cynthia Ezekwe

Trading activities on the  Nigerian Exchange (NGX) platform closed bullish on Tuesday,  as market capitalisation increased by N72 billion to close at N29.682 trillion.

The All-share Index (ASI) appreciated by 0.24 per cent  to close at 54,496.31 points.

However,  a total of 177.9 million units of shares were traded in  3,617 deals, valued at N5.63 billion.

Market breadth closed negative as TRIPPLEG led 17 gainers, against  19 equities that declined in their share prices topped by INTENEGINS.

TRIPPLEG led the gainers chart as it recorded 9.49 per cent increase  to close at N1.50;  COURTVILLE was  up  8.33 per cent to close at N0.52; CHAMS appreciated by 7.41 per cent  to close at N0.29; GUINNESS gained 6.35 per cent to close at N67.00; while  PRESTIGE was up  5.00 per cent  to close at N0.42.

On the contrary, INTENEGINS topped the losers chart as it shed 6.20 per cent of its share prices  to close at N1.21; LIVESTOCK was down 5.45 per cent  to close at N1.04;  UNITYBNK lost 3.77 per cent  to close at N0.51; FIDSON depreciated  3.75 per cent to close at N9.50; while TRANSCORP down lost 3.10 per cent  to close at N1.25.

At the end of the trading activities on Tuesday, the Year-to-Date (YtD) returns settled at 5.62 per cent, while the stock market  advanced by 2,900.65 basis points.