Markets
Nigerian equity market extends gain by 0.7%
The uptrend in the Nigerian equity market continued on Tuesday, on the back of appreciation in MTNN, ZENITH, and GTCO.
The NGX-ASI rose 0.7% to 47,205.03 points and the market capitalisation grew ₦181.7bn to ₦25.5tn, while YTD return advanced to 10.5% from 9.7%.
Trading activity rose as volume and value traded increased 9.3% and 19.8% respectively to 245.4m units and ₦4.6bn.
The banking sector led the advancers, rising by 2.8% due to buying interest in ZENITH (+5.8%) and FCMB (+7.4%).
The Consumer Goods and Oil & Gas indices were also up 1.9% and 1.7% respectively driven by gains in NB (+7.8%), DANGSUGAR (+7.7%), and SEPLAT (+2.6%).
Also, buying interest in MTNN (+1.3%), WAPCO (+1.1%), and CAP (+10.0%) pulled the AFR-ICT and Industrial Goods indices up by 0.6% and 0.1% respectively.
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