Trading on the Nigerian Exchange Limited (NGX) on Tuesday bounced back as performance indicators were all in the green, with the volume of trade improving by 11%, as a total of 879,912,870 shares changed hands in 86,688 deals, news.ng reports.
According to data, Tuesday’s market value stood at N44,491,516,044.72, while turnover improved by 27%. Deals followed with a 3% rise, and market capitalisation stood at N126.2 trillion.
Out of the 131 equities that participated in Tuesday’s trading session, 39 companies gained, while 35 recorded losses.
Among the top six (6) gainers, UAC of Nigeria led the chart with a 10% increase in its share price to close at N106.70, followed by Sunu Assurances Nigeria, which recorded a 10% increase in its share price to close at N4.84. Also, Oando gained 9.96% in its share price to close at N50.25.
Other gainers include Sovereign Trust Insurance, which rose by 9.88% to close at N2.67; Fortis Global Insurance, whose share price gained 9.71% to close at N1.13; and University Press, which gained 9.35% to close at N5.85.
On the losers’ chart, Fidson Healthcare shed 10% to close at N81.00 per share, followed by MeCure Industries with a 9.95% loss to close at N68.30 per share. Aluminium Extrusion Industries also recorded a 9.88% loss to close at N15.50, while McNichols’ share price depreciated by 8.26% to close at N7.00.
Others include DEAP Capital Management & Trust, which lost 8.17% to close at N6.52, while Secure Electronic Technology lost 8.00% to close at N1.38.
Fortis Global Insurance recorded the highest volume of 58.4 million traded shares, followed by Sterling Bank with 56.8 million shares. Japaul Gold and Ventures recorded 47.3 million shares traded, while Zenith Bank recorded 40.9 million shares traded.
