Equities market extends gains by N157.58bn
By Motolani Oseni
For the third consecutive session, the equities market of the Nigerian Exchange Limited (NGX) on Tuesday extended its gaining streak as market capitalization increased by N157.58billion to close at N35.84trillion, compared to N35.68trillion recorded at the previous session.
Specifically, the Lagos bourse maintained the bull run bringing the benchmark index up by 0.44 per cent to close at 65,488.67 points.
Sustained buying interest in BUAFOODS +7.91 per cent, alongside DANGSUGAR +3.89 per cent, and GUINNESS +2.81 per cent offset losses in ZENITHBANK -0.44 per cent, GTCO -0.14 per cent and ACCESSCORP -1.17 per cent.
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As a result, the year-to-date (YTD) return rose to 27.78 per cent, with the market Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 3.25 per cent.
A total of 293.46m shares valued at N4.12billion were exchanged in 5,895 deals. TRANSCORP +2.28 per cent led the volume chart with 41.44million units traded while MTNN +0.00 per cent led the value chart in deals worth N791.46million.Market breadth closed negative at a 2.00-to-1 ratio with declining issues outnumbering advancing ones. NB -10.00 per cent led 19 others on the laggard’s log while CORNERST (+9.84%) topped nine (9) others on the leader’s table.
