Yesterday, the Nigerian Stock Market witnessed a massive increase as investors gained N1.93 trillion.
Market capitalisation closed at N45.523 trillion, up N1.93 trillion or 4% from Monday’s trading session, which recorded N43.597 trillion.
The benchmark of the NGX All-Share Index rose by 2,867.31 points to close at 83,191.84 as opposed to Monday’s closing of 80,324.53.
This led to a massive increase in the Year-To-Date (YTD) return to 11.26%.
The major drivers of the positive performance were buying interest in the stocks of MTN Nigeria, BUA Foods, and Dangote Cement.
Market breadth closed positively as yesterday's trading finished with 72 gainers and 13 losers.
Top Gainers: FBN Holdings led with 10% share price appreciation to close at N28.60 per share, followed by Cadbury, FTN Cocoa Processors, Guinea Insurance, and Universal Insurance, with 10% share, respectively, to close at N18.15, N2.20, N0.44, and N0.33 per share, respectively.
Top Losers: Total led with a 10% decline to close at N346.50. Daar Communications followed with a 9.40% loss at N 1.06 per share, and RT Briscoe followed, declining by 8.45% to close at N 0.65. SUNU Assurance witnessed a 7.69% decline to close at N1.20, while Prestige lost 7.41% to close at N0.50.
17,144 deals totalling 1.41 billion shares were valued at N24.68 billion. The stock that led the activity chart in terms of volume was Fidelity Bank, which traded for 141.75 million units for N1.96 billion.
Read more: https://www.investingport.com/ngx-investors-gain-n193-trillion-in-tuesday-trading-session/