The Nigerian equities market sustained its positive momentum on Tuesday as investors gained N1.287 trillion following broad-based buying interest in heavyweight and mid-tier stocks.
Market capitalisation rose by 1.41% from N91.089 trillion to N92.376 trillion, while the All-Share Index advanced by 1.20% or 1,718.03 points to close at 144,928.36.
Year-to-date return strengthened to 40.81%, with 27 gainers outpacing 20 laggards.
Dangote Cement led the rally, appreciating by 9.99% to N588. NCR Nigeria gained 9.98% to N66.10, International Breweries added 9.66% to N11.35, Livestock Feeds advanced 8.33% to N6.50, while Daar Communications rose 8.14% to 93k.
On the losers’ side, Ikeja Hotel shed 9.92% to N28.60; Legend Internet dropped 9.91% to N5; Livingtrust Mortgage Bank declined 9.78% to N3.23; WAPIC Insurance fell 6.72% to N2.36; and FTN Cocoa Processors dipped 5.10% to N4.65.
Market activity slowed in deals and volume but improved in value. Investors traded 606.3 million shares worth N39.7 billion in 14,791 deals, compared with 1.47 billion shares valued at N18.7 billion in 28,956 deals on Monday.
Access Corporation led the volume chart with 310.25 million shares, while Seplat Energy recorded the highest value of trades at N22.48 billion.
