Investors gain N1.22 trillion as stock market extends bullish run
The equities market on Tuesday extended its bullish run, gaining N1.216 trillion on increased demand for blue-chip stocks.
The market capitalisation, which opened at N157.739 trillion, rose by N1.216 trillion or 0.77 per cent to close at N158.955 trillion.
Similarly, the All-Share Index (ASI) increased by 1,883.24 points or 0.77 per cent, from 244,199.39 to 246,082.63.
The uptrend also pushed the market’s Year-to-Date (YTD) return to 58.14 per cent, while market breadth closed positive with 42 gainers against 19 losers.
FTN Cocoa Processors and McNichols led the gainers’ chart, appreciating by 10 per cent each, closing at N8.25 and N4.95 per share, respectively.
Sunu Assurances followed with a gain of 9.94 per cent, settling at N3.43, while Sovereign Trust Insurance rose by 9.57 per cent to N2.06 per share.
Caverton Offshore Support Group also gained by 9.52 per cent, ending the session at N4.60 per share.
On the losers’ chart, Tripple Gee led the declines, down 9.72 per cent to close at N2.60 per share.
ABC Transport followed with a loss of 9.52 per cent to close at N4.75, while Nigerian Aviation Handling Company declined by 9.22 per cent to N136.35 per share.
RT Briscoe also shed 9.21 per cent, finishing at N10.35, while UPDC Real Estate Investment Trust (UPDC REIT) declined by 4.93 per cent, settling at N13.50 per share.
Trading activity improved during the session, with total volume rising by 7.44 per cent to 651.32 million shares.
The transactions were valued at N40.77 billion and executed in 43,760 deals.
Access Corporation led trading by volume with 129.89 million shares, representing 19.94 per cent of the total volume traded.
MTN Nigeria recorded the highest transaction value at N4.69 billion, accounting for 11.51 per cent of the day’s total value.
(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
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
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.”
NationWide
Tinubu felicitates Shettima at 60, calls him trusted ally
“Today, I warmly congratulate Vice President Kashim Shettima, my brother and partner in steering the ship of our state, on his 60th birthday,” he said.
Sport
Stan Kroenke agrees to buy Los Angeles Angels
Mr Kroenke, through his company Kroenke Sports & Entertainment (KSE), entered an agreement to acquire the Los Angeles Angels from the Moreno Family.
Health
Katsina health workers to begin seven-day warning strike September 8
The notice, addressed to the state head of service, followed the expiration of a 21-day ultimatum issued to the Katsina State government on August 11.
Africa
WHO restricts Ervebo vaccine use in Bundibugyo virus disease outbreak
WHO issued new emergency guidance on using the licensed Ervebo vaccine during Bundibugyo virus disease outbreaks.
![Ebonyi state governor, Francis Nwifuru [Photo: Twitter]](https://gazettengr.com/wp-content/uploads/Ebonyi-state-governor-Francis-Nwifuru-Photo-Twitter.png)
Politics
2027: Lose to opposition, get sacked, Gov. Nwifuru threatens Ebonyi LG chairmen
“Any chairman who fails to win his council will be removed from office and replaced with a councillor,” Mr Nwifuru said.
Education
Non-academic unions begin indefinite strike in Ondo state-owned universities
Affected institutions include Adekunle Ajasin University (AAUA), Olusegun Agagu University of Science and Technology (OAUSTECH), and the University of Medical Sciences (UNIMED).
