Investors gain N469 billion as NGX sustains positive momentum

The equities market closed on a positive note on Tuesday, delivering a N469 billion gain to investors amid sustained buying interest across key stocks.
The gain was driven by sustained investor interest in stocks such as Meyer, Jaiz Bank, ABC Transport, Austinlaz, Multiverse Mining, and 60 other advancing stocks.
Specifically, the market capitalisation, which opened at N101.806 trillion, added 469 billion, or 0.46 per cent, to close at N102.275 trillion.
The All-Share Index also gained 0.46 per cent, or 732.86 points, to settle at 159,951.08, compared to 159,218.22 recorded on Monday.
This positive performance led the year-to-date return.
The market breadth also closed positive with 65 gainers and 21 losers.
Meyer and Jaiz Bank led the gainers’ chart by 10 per cent each, closing at N14.30 and N5.28 per share, respectively.
ABC Transport gained 9.98 per cent, settling at N4.96, while Austinlaz and Multiverse Mining grew by 9.94 per cent each, finishing at N5.64 and N17.70 per share, respectively.
On the other hand, Aluminium Extrusion Industries led the losers’ chart by 9.96 per cent, ending the session at N21.70; Learn Africa trailed by 9.16 per cent, closing at N5.95; and Oando dipped by 7.69 per cent, settling at N40.80 per share.
Similarly, United Bank for Africa shed 6.22 per cent, finishing at N43, while Access Corporation fell by 6 per cent, closing at N23.50 per share.
Analysis of market activity revealed a four per cent decline in market deals, with nine per cent growth in volume and a seven per cent increase in value.
No fewer than 758.9 million shares, valued at N19.8 billion, were traded across 54,212 transactions.
This is in contrast with 695.6 million shares worth N18.6 billion that were exchanged in 56,632 deals earlier on Monday.
Meanwhile, Linkage Assurance recorded the highest volume with 51.63 million shares traded, accounting for 6.80 per cent of total volume traded for the day.
Guaranty Trust Holding Company recorded the highest value at N2.04 billion, accounting for 10.24 per cent of the total value traded for the day.
(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.”

Abuja
UBEC, FCT UBEB distribute learning material to public basic schools
Ms Garba said that more than 10,000 classrooms had recently been constructed nationwide under UBEC interventions.

World
Turkish police arrest 162 people for circulating school shooting videos online
The police said the suspects engaged in acts affecting public order.

Africa
Africa CDC raises alarm over strange illness in Burundi
Mr Boum said that a multisectoral rapid response team had been deployed.

Hot news Home top
Pilot asks passengers to leave EasyJet plane because aircraft too heavy to fly
Five passengers then voluntarily stepped down.

Heading 1
Flutterwave convenes global dialogue on Africa’s digital economy at IMF-World Bank spring meetings
Mr Falade championed “Regulatory Passporting” to reduce cross-border entry costs and deepen continental integration for digital scale.

States
43-year-old Ekiti father remanded over alleged defilement of 12-year-old daughter
The court adjourned the case until May 14, for mention.





