The Nigerian stock market has recorded a gain of N835 billion on Tuesday, closing on a bullish note.
Gains recorded in Airtel Africa, International Energy Insurance, Abbey Mortgage Bank, Infinity Trust Insurance, First HoldCo and 28 other stocks lifted the market into positive territory.
Market capitalisation rose by 0.53 per cent, increasing by N835 billion from N156.108 trillion at the opening of trading to N156.943 trillion at the close.
Similarly, the All-Share Index advanced by 1,301.37 points, or 0.53 per cent, to close at 244,697.62, up from 243,396.25 recorded in the previous session.
Consequently, the market’s Year-to-Date (YtD) return increased to 57.25 per cent.
Market breadth closed positive, with 33 gainers and 32 losers.
Airtel Africa led the gainers’ chart by 10 per cent, settling at N4,021.20 and International Energy Insurance trailed by 9.90 per cent, finishing at N8.77.
Abbey Mortgage Bank grew by 9.76 per cent, closing at N11.25 per share.
Infinity Trust Insurance gained by 9.63 per cent, ending the session at N10.25, while Firstholdco rose by 8.49 per cent, closing at 69 per share.
Conversely, Okomu Oil, Nigerian Aviation Handling Company, Unilever, Learn Africa and Trans-Nationwide Express led the losers’ chart by 10 per cent each, closing at N1,575, N170.55, N140.40, N9.45 and N4.41 per share respectively.
Market activity improved significantly, with total trading volume rising by 70.29 per cent to 1.27 billion shares valued at N57.88 billion across 56,956 transactions .
Sterling Financial Holdings Company led the volume chart with 715.66 million shares traded, accounting for 56.33 per cent of total volume.
Aradel Holdings emerged as the most traded stock by value, recording transactions worth N13.25 billion, representing 22.89 per cent of the day’s total turnover.
