Interest in financial stocks at the Nigerian Exchange (NGX) Limited persisted on Tuesday, helping the bourse to remain in the green territory at the close of transactions.
Business Post reports that Customs Street further appreciated by 0.04 per cent yesterday as a result of the strong appetite for local equities by investors.
According to data from the exchange, Access Holdings traded 36.6 million shares valued at N810.9 million, UBA transacted 26.5 million stocks worth N1.0 billion, Universal Insurance sold 22.0 million equities for N12.8 million, Fidelity Bank exchanged 20.5 million shares worth N380.6 million, and Zenith Bank traded 20.1 million equities valued at N970.3 million.
At the close of business, a total of 349.3 million stocks valued N15.1 billion exchanged hands in 12,450 deals compared with thr440.5 million stocks worth N10.5 billion traded in 13,314 deals on Monday, representing a decline in the trading volume and number of deals by 20.70 per cent and 6.49 per cent, respectively, and an increase in the trading value by 43.81 per cent.
During the trading session, the insurance sector gained 1.99 per cent, the banking space appreciated by 1.33 per cent, and the industrial goods index improved by 0.01 per cent.
However, the energy counter went down by 1.69 per cent, the commodity sector depreciated by 0.59 per cent, and the consumer goods industry weakened by 0.10 per cent.
The All-Share Index (ASI) soared by 41.89 points on Tuesday to 105,593.28 points from 105,551.39 points and the market capitalisation jumped by N26 billion to settle at N66.215 trillion compared with the previous day’s N66.189 trillion.
The bourse ended with 29 price gainers and 21 price losers, implying a positive market breadth index and strong investor sentiment.
May and Baker appreciated by 10.00 per cent to sell for N8.80, Mutual Benefits gained 9.59 per cent to trade at 80 Kobo, eTranzact increased by 9.38 per cent to N5.25, Abbey Mortgage Bank surged by 8.86 per cent to N4.30, and Consolidated Hallmark advanced by 8.79 per cent to N3.59.
Conversely, Eterna lost 9.21 per cent to finish at N34.50, Royal Exchange slipped by 7.95 per cent to 81 Kobo, Veritas Kapital shrank by 5.98 per cent to N1.10, Coronation Insurance declined by 5.88 per cent to N2.24, and Oando crashed by 5.66 per cent to N50.00.