The Nigerian fairness market, on Tuesday, recovered from the earlier session’s decline, recording a N66 billion acquire.
Investor curiosity in main shares reminiscent of Seplat, Oando, and StanbicIBTC contributed to the market’s upward trajectory.
Notably, the market capitalisation, which opened at N54.382 trillion, added N66 billion or 0.12 per cent to shut at N54.448 trillion.
The All-Share Index additionally rose by 0.12 per cent or 114.24 to settle at 95,895.92, in distinction to 95,781.68 recorded on Monday.
In consequence, the 12 months-To-Date, YTD, return rose to twenty-eight.25 per cent.
Nevertheless, market breadth closed damaging with 24 losers and 19 gainers.
On the losers’ chart, Thomas Wyatt led by 9.71 per cent to shut at N1.58, Omatek trailed by 6.85 per cent to shut at 68k per share.
FTN Cocoa Processors misplaced 6.80 per cent to shut at N1.92, Neimeth Worldwide Prescription drugs went down by 5 per cent to shut at N1.90, whereas The Initiates Plc declined by 4.44 per cent to shut at N2.15 per share.
On the opposite aspect, Be taught Africa led by 9.94 per cent to shut at N3.87, Oando Plc adopted by 9.90 per cent to shut at N43.30 per share.
Cutix Plc gained 9.85 per cent to shut at N2.90, RT Briscoe superior by 9.63 per cent to shut at N2.05, and UPL added 8.57 per cent to shut at N2.66 per share.
Evaluation of the market actions confirmed commerce turnover settled increased than the earlier session, with the worth of transactions up by 0.50 per cent.
A complete of 1.01 billion shares valued at N7.69 billion had been exchanged in 8,295 offers, in opposition to 3.55 billion shares valued at N7.65 billion traded in 9,291 offers posted within the earlier session.
In the meantime, Jaiz Financial institution led the exercise chart in quantity and worth with 651.29 million shares price N1.50 billion, adopted by Sterling Nigeria with 53.94 million shares valued at N218.41 million.
Worldwide Breweries traded 28.41 million shares price N128 million, FCMB Group offered 21.87 million shares valued at N166 million and Entry Company transacted 20.29 million shares price N394.09 million.NAN
