Saturday, July 18, 2026

Equities: Investors gain N1.93 trillion, market capitalisation up 4%

The market capitalisation closed at N45.523 trillion, representing N1.93 gain or four per cent compared to N43.597 trillion recorded on Monday.

• January 9, 2024
Trading floor
Trading floor

The domestic bourse on Tuesday further recorded a positive performance, making investors gain N1.93 trillion.

Specifically, the market capitalisation closed at N45.523 trillion, representing N1.93 gain or four per cent compared to N43.597 trillion recorded on Monday.

Consequently, the benchmark of the All-Share index increased by four per cent or 2,867.31 points to close at 83,191.84, as against 80,324.53 recorded on Monday.

As a result, the Year-To-Date (YTD) return rose to 11.26 per cent.

Analysis of market activities showed that trade turnover settled higher relative to the previous session, with the value of transactions up by 61.77 per cent.

Buying interest in the stocks of Dangote Cement, MTN Nigeria and BUA Foods were the major drivers of the positive performance.

Meanwhile, 1.41 billion shares valued at N24.68 billion were exchanged in 17,144 deals.

Fidelity Bank led the activity chart in volume, with 141.75 million units traded at N1.96 billion.

First City Monumental Bank(FCMB) also traded 128.97 million shares valued at N1.48 billion, while United Bank of Africa (UBA) transacted 117.71 million shares at N3.8 billion.

Transcorp sold 108.34 million shares valued at N1.6 billion, while Access Holdings traded 85.21 million shares worth N2.52 billion.

On the gainer’s chart, Guinea Insurance, Cadbury, FTN Cocoa Processors, First Bank of Nigeria Holdings and Universal Insurance led in percentage terms of 10 each to close at 44k, N18.15, N2.20, N28.60 and 33k per share, respectively.

Conversely, Total led the loser’s table in percentage terms of 10 per cent to close at N346.50.

Daar Communications followed with a loss of 9.40 per cent to close at N1.06; RT Briscoe shed 8.45 per cent to close at 65k.

Also, SUNU Assurance declined by 7.69 per cent to close at N1.20, and Prestige lost 7.41 per cent to close at 50k.

However, market breadth closed positive, as 67 equities traded on the gainer’s table, while 13 others traded on the loser’s table.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

President Bola Tinubu (Credit: Presidency)

Heading 3

Tinubu’s scorecard is 139 million Nigerians in poverty; he should resign, not seek re-election: ADC

“The evidence of 139 million people living in poverty and 17 million at risk of starvation is President Tinubu’s scorecard,” the party said.

Flooded Lagos road used to illustrate the story

Lagos

Lagos govt working to tackle flooding, says SSG

She said the government was assessing critical drainage channels and other vulnerable locations to strengthen ongoing flood control measures.

Anambra road crash

States

Three killed, four injured in Anambra road crash: FRSC

The FRSC said the accident occurred on Friday along the Nnobi–Agulu–Awka road.

Atiku standing with Amaechi

Politics

2027: Group asks ADC, Atiku to drop Amaechi as vice-presidential candidate

The group accused Mr Amaechi of desperation, saying that he lacked the grassroots strength required to win the election.

Jens Spahn. [PHOTO CREDIT: ZDF]

Heading 4

German lawmaker resigns after backlash for welcoming child through surrogacy

The 46-year-old politician and his party, the Christian Democratic Union (CDU), had backed a ban on surrogacy.

Illegal crude oil refining site

Lagos

Troops nab six suspects in Lagos oil bunkering raid, dismantle site

Mr Yahaya said items recovered during the operation included four drums, two of which contained suspected illegally refined petroleum products.