Nigerian Exchange Gains N481 Billion in Positive Trading

On Tuesday, trading activities on the Nigerian Exchange concluded positively, with local equities appreciating by N481 billion. The market capitalization of listed equities increased by 0.30%, rising from N159.511 trillion to N159.992 trillion.

The NGX All Share Index grew by 745.81 basis points, reaching 247984.55 points from the previous day's 247238.74 points. This positive performance was largely attributed to gains in companies such as MTN Nigeria, HBMNG, and FirstHoldco, among others.

The market breath was favorable, with 33 gainers compared to 23 decliners, bringing the year-to-date return to 59.28%. Lasaco Insurance led the gainers with a 10% increase, closing at N2.20 per unit.

Other notable gainers included Linkage Assurance and TransExpress, both rising by 9.93%. Conversely, Meyer Paint topped the losers' chart, dropping by 9.97% to close at N16.70 per unit.

The volume of trades decreased by 8.217 million shares, representing a 1.29% decline, with a total of 629.743 million shares traded, while the value of transactions fell by 42.21% to N33.06 billion.