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Investors in the Nigerian equity market earned an additional N88 billion at the close of trading on Tuesday.
This follows a surge in the prices of shares such as NASCON, Union Dicon and Wapco, among others, on the stock exchange floor.
The benchmark All-Share Index (ASI) index increased to 218,249.81 points from 218,113.84 points on the previous trading day.
After five hours of trading on the capital market, equity capitalization increased to N140.5 trillion from N140.4 trillion recorded by the exchange on Monday.
Market breadth was negative, with 25 stocks rising, 44 declining, and 79 unchanged in 61,617 transactions.
A total of 842,476,142 shares were traded worth N44.8 billion.
NASCON, Union Dicon and Wapco led the gainers chart, with share price growth of 10%, 9.92% and 9.64% respectively, closing at N171.60, N19.95 and N273.00 per share, up from N156.00, N18.15 and N249.00 per share.
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Legend Internet, Abbey Mortgage Bank, and Stanbic led other price declines, with falls of 9.92%, 9.59%, and 8.96% respectively, closing at N5.63, N6.60, and N154.50 per share, down from N6.25, N7.30, and N169.70 per share respectively.
On the volume index, Access Holding led trading with 110 million shares in 5,423 transactions, followed by FCMB which traded 57 million shares in 1,231 transactions.
Fidelity Bank traded 44 million shares in 1,788 transactions.
On the value index, MTNN traded shares worth N6.5 billion in 3,895 transactions, followed by Zenith Bank which traded equities worth N5.5 billion in 4,572 transactions.
GTCO traded shares worth N3.8 billion in 2,572 transactions.
Babajide Okeowo
