The Nigerian Stock Exchange experienced a positive trend on Tuesday, as investors gained N130bn at the close of trading. The All-Share Index (ASI) and market capitalisation both appreciated by 0.33 percent, closing at 71,907.26 basis points and N39.348tn, respectively. This growth marks a continuation of the positive trading trend on the local bourse, with the year-to-date gain of the ASI rising to 40.30 percent.JAMB Portal
Despite the overall upward trend, there was a notable decline in trading activities. The volume of traded stocks and the number of deals decreased by 14.86 percent and 7.32 percent respectively, closing at 319.56 million units and 6,498 deals. However, the total traded value for the day saw a significant increase of 52.54 percent to N5.88bn, up from N3.85bn on Monday.NYSC Portal
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Sectorial performance revealed a mixed trend. Three out of five sectors closed in the red zone, with NGX Insurance, NGX Oil/Gas, and NGX Industrial Goods indexes declining by 0.49 percent, 1.03 percent, and 0.01 percent, respectively. On the other hand, the Banking and Consumer Goods indices showed positive movement, advancing by 0.67 percent and 0.01 percent, respectively.JAMB Result
Investors showed particular interest in stocks from Infinity Trust Mortgage Bank, SCOA, Daar Communications, Royal Exchange, and Neimeth, which experienced appreciable gains. The key drivers of the market were primarily tier-1 banking stocks, including Zenith Bank, AccessCorp, and Guaranty Trust Holding Company Plc, with FCMB’s stocks also being among the most traded.informationguidenigeria
Julius Berger emerged as the most actively traded security in terms of volume and value, with 42.54 million units worth N1.46bn.
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