The Nigerian Exchange Limited witnessed a significant surge as the All-Share Index (ASI) soared by 3.93%, reaching an all-time high of 87,971.10 points at the close of trading on Tuesday.
This upswing resulted in equity investors gaining a remarkable N1.82 trillion, marking a substantial increase in market capitalization from N46.319 trillion to N48.139 trillion.
In terms of trading volume, there was a notable 32% uptick, with 1.067 billion units traded, compared to the previous day’s 807.51 million units. Additionally, the trading value saw a substantial 43% increase, reaching N15.77 billion from the previous day’s N11.03 billion.
Among the top gainers were DANGSUGAR, NASCON, Nigerian Breweries (NB), TRANSCORP, BERGER, and STERLINGNG, all posting significant gains of 10.00%. Conversely, some stocks experienced declines, with ROYALEX, MULTIVERSE, ELLAHLAKES, CILEASING, OANDO, and CUSTODIAN registering notable losses.
In terms of the most traded stocks by volume, JAIZBANK, AIICO, FCMB, STERLINGNG, and TRANSCORP stood out, with JAIZBANK leading the pack with 150.64 million units traded.
NASCON took the lead in terms of value, followed by NB, UBA, ZENITHBANK, and FCMB, reflecting the robust trading sentiment observed in the market.
Notably, stocks worth over N1 trillion, including DANGCEM, ACCESSCORP, BUACEMENT, FBNH, GTCO, MTNN, UBA, and ZENITHBANK, saw substantial price gains, contributing to the overall positive trading sentiment.
Conversely, stocks such as AIRTELAFRI, GEREGU, TRANSCOHOT, SEPLAT, and BUAFOODS did not record any price changes during this trading period.
