The Nigerian inventory market sustained its upward momentum on Tuesday, buoyed by ticket good points in Jaiz Bank, MEYER, and 63 diverse shares, continuing a winning bolt that started gradual closing year.
The All Share Index (ASI) rose 0.46%, closing at 159,951.08 components, up from 159,215.forty eight on the old session. Market capitalisation additionally won N468 billion, closing at N102.275 trillion from N101.807 trillion, reflecting the optimistic market sentiment.
A filled with 759 million shares modified hands in 54,212 deals, with a blended price of N19.9 billion.
Market breadth
Market breadth was as soon as optimistic, with 65 shares recording good points towards 22 decliners.
High gainers
Jaiz Bank and MEYER led the gainers, every closing 10% better at N5.28 and N14.30 respectively, up from N4.80 and N13.00. Other distinguished gainers integrated ABC Transport (+9.98%), AUSTINLAZ (+9.94%), and Residing Have confidence Insurance coverage (+9.94%).
High losers
On the flip facet, ALEX led the decliners, shedding 9.96% to shut at N21.70 from N24.10. LEARNARICA (-9.16%), OANDO (-7.69%), and UBA (-6.22%) additionally posted losses.
Quantity drivers
Linkage Assurance topped the volume table, trading roughly 52 million shares in 175 deals, valued at N93 million. Sterling Bank adopted with about 49 million shares in 609 deals, price N369 million, while ACCESSCORP traded 49 million shares in 2,884 deals, valued at N1.17 billion.
The market’s optimistic efficiency reflects rising investor self assurance, pushed by ticket rallies in key counters for the duration of the banking, insurance coverage, and industrial sectors.
