On Tuesday, trading on the Nigerian Exchange Ltd. (NGX) closed on a positive note, recording a N426.28 billion gain.
The total value of trade on the exchange went up by 9.99 per cent.
Investors gained N289 million as the market capitalisation opened at N63.147 trillion and recorded a slight change to close at N63.147 trillion.
The Nigerian Exchange Ltd. (NGX) opened on Monday, opening the week positively, with an N84 billion profit added to investors’ portfolios.
Analysis of the market activities showed trade turnover settled higher relative to the previous session.
Specifically, the market capitalisation closed at N56.615 trillion, having lost N267 billion.
Stock markets in Europe and Asia reacted negatively on Monday over fear of a U.S. economy slowing down.
Consequently, the Nigerian Exchange Ltd. (NGX) market capitalisation gained N6 billion, or 0.01 per cent, to close at N56.227 trillion, up from N56.221 trillion.
The stock market recorded a downturn, resulting in a loss of N132 billion in investors’ wealth on the Nigerian Exchange Ltd. (NGX).
Consequently, the market capitalisation, which opened at N55.823 trillion, shed N269 billion, or 0.48 per cent, to close at N55.554 trillion.
