The Nigerian equities market, on Tuesday, gained N213 billion, on the first trading day after the public holidays after the market ended last week with All-Share Index (ASI) and equities capitalisation at 66,382.14 points and N36.331trillion.
The ASI and the equities capitalisation, however, rose to 66,770.97 point and N36.544 trillion on Tuesday.
Stocks of BUA Cement, Beta Glass, UACN, FTN Cocoa and Oando were on demand as trading begins in the new month. This positive record also pushed higher this year’s return to +30.28percent.
Investors, in 7,537 deals, exchanged 364,321,814 shares valued at N3.851billion, with the shares of CHI, Fidelity Bank, Oando, GTCO, and Access Corporation coming out as the most traded stock on the Nigerian Exchange Limited (NGX).
BUA Cement, however, led the gainers after its share price rose from N85.50 to N94, adding N8.50 or 9.94percent, while Beta Glass went up from N60.90 to N66.95, adding N6.05 or 9.93percent. FTN Cocoa was also up from N1.51 to N1.66, adding 15kobo or 9.93percent.
Oando also rose from N7.85 to N8.60, adding 75kobo or 9.55percent, while UACN increased from N10 to N10.85, up by 85kobo or 8.50percent.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: UBEC mum as N80m Kebbi secondary school lab equipment still undelivered since 2020
“Our laboratories are not conducive for learning; the termites have destroyed most of these laboratories, and there is not enough...
In Niger, communities suffer as multi-billion naira Auna Dam project remains uncompleted despite 38 years of investments
In Niger State, the over 20 communities around Auna River have had their hopes for fresh water, electricity supply and...
INVESTIGATION: Years after, 15km Eleme-Onne end of East-West Road remains death-trap despite billions released
In this report, ARINZE CHIJIOKE chronicles the sufferings of road users on the 15km Eleme-Onne end of the East-West Road...
Gaza attacks intensify as 12 Thais, 10 Nepalese killed in Israel
The current violence in Israel has claimed the lives of at least 12 Thai people and 10 Nepalese individuals. Eight...
INVESTIGATION: Poorly executed classroom projects force children out of school in Niger State
Once a vibrant hub of learning for pupils, Kodo Primary School now resonates a stark contrast to its former days...