NGX on positive run as investors gain N426bn

Nigerian Exchange Limited, NGX, closed on a positive note, as investors recorded a N426.28 billion gain on Tuesday.

This comes as market capitalisation, which opened at N66.069 trillion, rose by 0.65 percent to close at N66.495 trillion.

Accordingly, the NGX ASI also went up by 0.65 percent, or 683.65 points, to close at 106,574.98 from 105,891.33 points recorded at the previous session.

A total value of shares worth N11.762 billion in 15,561 deals were recorded on Tuesday.

At the end of trading, 40 companies drove gains while 25 losers were recorded for equities.

The top two gainers were Ellah Lakes, which appreciated by 10 percent, gaining 33k to close at N3.63, while Honey Flour appreciated by 9.93 percent, gaining N1.04.

Other gainers are United Bank for Africa (UBA), which appreciated by 1.84 percent, gaining 70k to close at N38.80, while FBN Holdings appreciated by 0.93 percent, gaining N50.30 to close at N32.50.

Meanwhile, the top two losers were International Energy Insurance, which depreciated by 9.78 per cent losing 22k to close at N2.03, while Eunisell Chemicals dipped by 9.74 per cent dropping by N1.30 to close at N12.05.