By Cynthia Ezekwe.
Trading activities on the floor of Nigerian Exchange (NGX) closed positive on Tuesday as market capitalisation grew by 1.65 per cent to close at N35.758 trillion from the previous close of N35.177 trillion, thereby gaining N581 billion.
The All Share Index appreciated by 1.65 per cent to settle at 65,669.29 points from the previous close of 64,603.69 points.
An aggregate of 844.7 million units of shares were traded in 8,922 deals, valued at N9.4 billion.
The Market Breadth closed positive as 38 equities appreciated in their share prices against 34 that declined in their share prices.
OMATEK, Sovereign Trust Insurance, FTN Cocoa, CHELLARAM and Transcorp Hotel led other gainers with 10.00 per cent growth.
ETERNA OIL, Unity Bank, CWG, JAPAULGOLD, May & Baker, COURTVILLE, Dangote Cement and also grew their share prices above 9.00 per cent.
On the contrary, Consolidated Hallmark Insurance led other price decliners as it shed 10.00 per cent of its share price to close at N1.17 from the previous close of N1.30; while Champion Breweries, MCNICHOLS and PZ among other price decliners also shed their share prices by 9.89 per cent, 9.33 per cent and 9.32 per cent respectively.
The major volume drivers of Tuesday’s trading activities were CHAMS, which traded about 91.7 million units of its shares in 412 deals, valued at about N117 million; FCMB, which traded about 78.7 million units of its shares in just 339 deals, valued at N551.9 million; and UBA, which traded about 55 million units of its shares in 490 deals, valued at N795 million.
