Market observers and investors witnessed a bullish trading session on the Nigerian Exchange Group (NGX) on Tuesday, as 887.5 million shares were exchanged in 53,254 deals with a market value of N35.49 billion, news.ng reports.
Compared to Monday’s trading, volume rose by 50%, turnover increased by 39%, while the number of deals recorded fell by 11%. Market capitalisation gained N129.2 billion.
Out of the 133 equities listed on the NGX on Tuesday, 50 stocks recorded losses, while only 20 were in positive territory.
Multiverse Mining & Exploration led the gainers’ chart with a 9.88% rise in share price to close at N18.35 per share, followed by International Energy Insurance, which gained 9.49% to close at N3.23 per share. MTN was not left out, as the telecom giant gained 5.85% to close at N760 per share, while Chams advanced by 8.4% to close at N4.39 per share.
On the losers’ chart, Nigeria Police Force (NPF) Microfinance Bank recorded a 10% decline in share price to close at N6.30 per share, while Skyway Aviation Handling Company posted a 9.97% loss to close at N143.10 per share.
Others included Zichis Agro Allied Industries, which recorded a 9.96% loss to close at N13.65 per share. Mutual Benefits Assurance also declined, as its share price dropped by 9.91% to close at N4.09 per share.
Wema Bank recorded the highest volume of traded shares at 184 million, followed by VFD Group with 104 million. Secure Electronic Technology recorded 59.3 million shares traded, while Chams had 38.6 million shares traded.
