Investors on the Nigerian Exchange (NGX) recorded a gain of N1.3 trillion at the close of trading on Tuesday, as the equities market maintained its bullish momentum.
The rally was driven by strong price appreciation in stocks such as Unilever, UPL and Union Homes REIT, among others.
The benchmark All-Share Index (ASI) rose to 250,481.42 points, compared to 244,670.65 points recorded in the previous trading session.
Similarly, market capitalisation climbed to N160.6 trillion after five hours of trading, up from N160.2 trillion posted on Monday.
Market breadth closed positive, with 42 gainers, 31 losers and 75 stocks remaining unchanged across 80,888 deals.
In total, investors traded 2.03 billion shares valued at N87.7 billion.
Unilever, UPL and Union Homes REIT topped the gainers’ table with 10 per cent appreciation each, closing at N165.00, N4.40 and N84.70 per share respectively, from previous values of N150.00, N4.00 and N77.00.
On the losers’ chart, Custodian, Honeywell Flour and AIICO recorded the steepest declines, shedding 9.52 per cent, 8.11 per cent and 7.74 per cent respectively to close at N81.80, N17.00 and N4.41 per share, down from N89.80, N18.50 and N4.78.
UBA emerged as the most traded stock by volume, exchanging 203 million shares in 3,593 deals. Fidelity Bank followed with 81 million shares traded in 1,445 deals, while Honeywell Flour recorded 72 million shares in 617 deals.
On the value chart, UBA also led with transactions worth N8.6 billion in 3,593 deals. Zenith Bank followed with trades valued at N7.3 billion in 5,342 deals, while GTCO recorded N7.1 billion worth of shares exchanged in 5,150 deals.