By Taiye Olayemi
The Nigerian equities market rebounded on Tuesday as merchants won N653 billion, courtesy of renewed procuring passion in tall- and mid-cap shares, including Airtel Africa, Prestige Assurance, Cutix, Regency Alliance Insurance and 15 other gainers.
The market capitalisation rose by N653 billion, or 0.45 per cent, to N147.217 trillion from N146.564 trillion recorded on Monday.
In an identical vogue, the All-Fragment Index superior by 1,017.26 choices, or 0.45 per cent, to finish at 229,419.18, when in contrast with 228,401.92 at the old session.
Consequently, the market’s one year-to-Date (YTD) return improved to 47.43 per cent.
Alternatively, the market breadth closed negatively with 32 losers and 19 gainers.
Custodian Investment led the losers’ chart by 9.98 per cent, finishing at N65.85, PZ Cussons and RT Briscoe trailed by 9.95 per cent every, closing at N85.50 and N9.95 per fragment respectively.
UPDC misplaced by 9.86 per cent, settling at N3.20 and Honeywell Flour declined by 9.78 per cent, ending the session at N14.30 per fragment.
Conversely, Airtel Africa, Well-known Minerals Financing Corp and Prestige Assurance led the gainers’ chart by 10 per cent every, settling at N4,794.60, N4.18 and N1.54 per fragment respectively.
Cutix grew by 9.70 per cent, closing at N2.94 and Regency Alliance Insurance won by 9.09 per cent, finishing at N84k per fragment.
Market activity declined as merchants traded 966.66 million shares worth N39.95 billion in 49,579 gives, representing an 8.44 per cent fall in volume when in contrast with the old session.
Linkage Assurance emerged because the most actively traded inventory by volume, with 95.97 million shares exchanged, accounting for 9.93 per cent of the total volume traded.
Aradel led the market by worth, with transactions worth N11.59 billion, representing 29.02 per cent of the day’s total worth traded. (NAN) (www.nannews.ng)
PTB/AWA
