The performance indices of the Nigerian Exchange (NGX) Limited were up by 0.12 per cent on Tuesday amid waning appetite for local stocks by investors.
Data revealed that the activity level was lower during the trading day, with the volume of trades declining by 19.71 per cent to 483.1 million stocks from the 601.7 million stocks recorded a day earlier, and the number of deals down by 28.98 per cent to 41,499 deals from 58,429 deals. However, the value of transactions increased by 0.59 per cent to N17.4 billion from N17.3 billion.
Access Holdings was the most active equity yesterday with a turnover of 26.5 million units sold for N599.8 million, GTCO traded 25.3 million units worth N2.5 billion, Secure Electronic Technology exchanged 24.7 million units valued at N23.8 million, Japaul transacted 21.4 million units for N54.2 million, and Tantalizers sold 20.3 million units valued at N72.7 million.
The market breadth index turned positive on Tuesday unlike the preceding session, as Customs Street ended with 33 price gainers and 26 price losers, implying strong investor sentiment.
SCOA Nigeria gained 9.94 per cent to sell for N28.75, Union Homes REIT also appreciated by 9.94 per cent to close at N86.25, Deap Capital expanded by 9.94 per cent to N8.63, Morison Industries improved by 9.92 per cent to N9.09, and RT Briscoe soared by 9.89 per cent to N7.22.
Conversely, Austin Laz declined by 9.96 per cent to N4.34, Neimeth depreciated by 9.62 per cent to N10.80, Prestige Assurance tumbled by 7.37 per cent to N1.76, Africa Prudential lost 6.96 per cent to N14.70, and Veritas Kapital dipped by 6.86 per cent to N1.90.
Business Post reports that when the bourse closed its doors to trading for the session, the All-Share Index (ASI) climbed by 196.26 points to 165,713.82 points from 165,517.56 points and the market capitalisation gained N126 billion to finish at N106.089 trillion compared with the previous day’s N105.963 trillion.