Investors Gain N10bn As Market Rebounds

by Mercy Ulasi

The Nigerian Exchange Limited’s downward trend came to an end on Tuesday as the market recovered and investors gained N10 billion.

The market value of shares increased by 0.03 percent to N29.909 trillion, matching the All Share Index’s 0.03 percent increase to 54, 906.65 from 54, 886.04 on Monday.

In a total of 2,987 transactions on Tuesday, 127.744m shares worth N1.586bn were traded.

At the end of the day’s trading, there were 12 stocks on both the gainers’ and losers’ tables, indicating that market sentiment was unchanged.

JUST IN: Stock Market Extends Weekly Gains By N390bn


Leading the gainers’ table were Linkage Assurance, Wapic and Champion, which gained 9.76 per cent, 7.89 per cent and 4.26 per cent to close at N0.45, N0.41 and N4.90 respectively.

Atop the losers’ table was Ikeja Hotel with a 9.65 percentage loss to close trading at N1.03. Cadbury followed with a 5.83 per cent loss in its share value to close at N11.30 and UPL suffered a 4.76 per cent loss in its share price to close trading at N2.00.

On the Most Traded table of the NGX, the shares of Zenith Bank led with 11,964,640 shares worth N298.835m exchanged in 255 deals. This was followed by another financial organisation, GTCO, which had 10,472,370 million of its shares worth N 258.239m traded in 252.
MTN Nigeria was the third most traded stock on Tuesday with 421,619 of its shares valued at N98.138m.

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