Buying interest in MTNN, AIRTEL AFRICA, and 10 others propelled the Nigerian equity market to appreciate for the third consecutive session on Tuesday, as the All-Share index rose by 0.8% to 38,917.99 points while market capitalisation rose by ₦163.2bn to ₦20.3 trillion, as the loss for this year improved to -3.4%.
The volume of stocks traded fell by 5.3% to 231.5 million units while the value traded rose by 11.8% to ₦2.1 billion. The most traded stocks by volume were TRANSCORP (17.5m units), JAIZBANK (16.6 million units), and HONYFLOUR (13.0m units) while MTNN (₦376.8 million), GTCO (₦200.5m), and ZENITH (₦175.8 million) led by value.
The Insurance and Banking indices led the losers, down 1.0% and 0.8% respectively due to sell-offs in MBENEFIT (-5.1%), WAPIC (-1.9%), ACCESS (-2.2%) and ZENITH (-0.8%).
It was followed by the Consumer Goods and Oil & Gas indices which fell by 0.3% and 0.2%, respectively, due to price depreciation in HONYFLOUR (-7.8%), ARDOVA (-1.8%), and OANDO (-0.6%). On the flip side, the AFR-ICT was alone gainer, up 3.4% on the back of bargain hunting in MTNN (+1.8%) and AIRTELAF (+5.7%).
WEMABANK (+6.0%), AIRTELAF (+5.7%), and COURTVILLE (+4.2%) led gainers while FTNCOCOA (-8.2%), HONYFLOUR (-7.8%), and MBENEFIT (-5.1%) led decliners.
The Chief Executive Officer of Air Peace, Allen Onyema, has been hit with new charges…
Contrary to reports in a section of the media that the Nigerian Upstream Petroleum…
Tajudeen Suleiman It was a pleasant shock for me to read the National Bureau of…
A member of the House of Representatives, representing Isiala Mbano / Onuimo / Okigwe…
Leading financial institution in Nigeria, Fidelity Bank Plc, has assured its customers of unwavering…
Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial…
This website uses cookies.