Trading on the Nigerian Stock Exchange (NGX) closed on a strong note on Tuesday as investor activity picked up significantly, with marked improvements in both trading volume and turnover.
At the close of the session, a total of 912.58 million shares were exchanged in 23,678 deals, valued at ₦20.21 billion.
This represents a 65 per cent increase in trading volume and a 52 per cent rise in turnover compared with the previous trading day, Monday, December 15. However, the number of deals recorded declined by 18 per cent, indicating fewer but larger transactions. The NGX’s total market capitalisation stood at ₦95.3 trillion.
Overall market breadth closed positive, as 31 equities recorded gains, while 26 stocks declined out of the 129 listed equities that participated in trading.
Aluminium Extrusion Industries topped the gainers’ chart, appreciating by 10 per cent to close at ₦9.35 per share. It was closely followed by Guinness Nigeria, which gained 9.98 per cent, MeCure Industries with a 9.95 per cent increase, and Multiverse Mining & Exploration, also up by 9.95 per cent.
On the flip side, Haldane McCall led the losers after shedding 9.93 per cent to close at ₦3.72 per share. Other notable decliners included LivingTrust Mortgage Bank and Veritas Kapital Assurance, both down by 9.09 per cent, while Linkage Assurance lost 5.71 per cent.
In terms of trading activity, Access Holdings dominated the volume chart with 386 million shares exchanged. It was followed by Sterling Bank with 85.5 million shares, FCMB Group with 74.7 million shares, and First HoldCo, which recorded 51.9 million shares traded.
