Lagos, March 14, 2024: The Nigerian Exchange Ltd.(NGX) market capitalisation, which opened at N57.697 trillion on Tuesday, gained N836 billion or 1.45 per cent close at N58.533 trillion.
Also, the All-Share Index rose by 1.45 per cent or 1,480 points to close at 103,524.44, as against 102,044.84 recorded on Monday.
As a result, the Year-To-Date (YTD) return rose to 38.45 per cent.
Interest in Telco heavyweight and Tier-one banks such as MTN Nigeria, UBA,
Access Corporation, Guaranty Trust Holding Company(GTCO) and sustained interest in Transcorp Power(TransPower) kept the market in the green.
Market breadth closed positive with 35 gainers and 14 losers.
On the gainer’s chart, UBA led in percentage terms of 10 to close at N25.30, followed by MTN by 9.98 per cent to close at N243.50 per share.
Julius Berger also gained 9.71 per cent to close at N61, whileAccess Corporation rose by 9.51 per cent to close at N22.45 per share.
Veritas Kapital Assurance went up by 9.38 per cent to close at 70k per share.
Conversely, Tantalizers led the loser’s chart by 7.89 per cent to close at 35k, National Salt Company of Nigeria(NASCON) trailed by 6.77 per cent to close at N53.70.
Morison Industries Plc shed 6.62 per cent to close at N1.41, C&I Leasing lost 6.45 per cent to close at N3.48, while Cutix Plc dropped 6.30 per cent to close at N2.53 per share.
However, analysis of the market activities showed trade turnover settled lower, relative to the previous session.
The value of transactions was also down by 16.76 per cent.
A total of 565.79 million shares valued at N14.23 billion were exchanged in 11,519 deals, compared to 436.90 million shares valued at N17.09 billion exchanged in 11,344 deals traded on Monday.
On the activity chart, Transcorp led in volume with 170.72 million shares traded in value of N3.13 billion, Access Corporation followed by 48.57 million shares valued at N1.06 billion.
GTCO sold 39.04 million shares worth N165.80 million, Jaiz Bank traded 36.78 million shares valued at N72.51 million and UBA transacted 31.96 million shares valued at N796.24 million.
