Nigerian stock market extended gains on Tuesday after posting a N643.14 billion gain on Monday on the back of Payment Service Bank approvals received by the two telecommunications giants, Airtel Africa and MTN Nigeria.
The Nigerian Exchange Limited (NGX) All-Share Index rose by 483.68 index points or 1.12 percent to 43,730.55 index points on Tuesday, while the market value of all the listed stocks appreciated to N22.821 trillion on Tuesday, representing a N252.4 billion gain.
Year to date, the NGX All-share Index has risen by 3,459.83 index points or 8.59 percent. Investors have now gained N895.54 billion this week.
Investors transacted 280,713,888 shares worth N3.476 billion in 4,342 deals during the trading hours of Tuesday despite investors slowing down on Airtel and MTN Nigeria stocks. Sterling Bank led the most traded stocks on Tuesday as shown in the table below.
Top Five Gainers
| Symbols |
Last Close |
Current |
Change |
%Change |
| FTNCOCOA |
N 0.40 |
N 0.44 |
0.04 |
10.00 % |
| ABCTRANS |
N 0.30 |
N 0.33 |
0.03 |
10.00 % |
| ARDOVA |
N 13.55 |
N 14.55 |
1.00 |
7.38 % |
| UACN |
N 10.50 |
N 11.25 |
0.75 |
7.14 % |
| LIVESTOCK |
N 2.05 |
N 2.19 |
0.14 |
6.83 % |
Top Five Losers
| Symbols |
Last Close |
Current |
Change |
%Change |
| BERGER |
N 9.45 |
N 8.55 |
-0.90 |
-9.52 % |
| CAVERTON |
N 1.87 |
N 1.70 |
-0.17 |
-9.09 % |
| UPL |
N 2.30 |
N 2.13 |
-0.17 |
-7.39 % |
| REGALINS |
N 0.44 |
N 0.41 |
-0.03 |
-6.82 % |
| CONOIL |
N 23.00 |
N 21.70 |
-1.30 |
-5.65 % |
Top Five Trades
| Symbols |
Volume |
Value |
| STERLNBANK |
83312950.00 |
125056019.19 |
| UACN |
34207385.00 |
360536281.95 |
| ZENITHBANK |
17477615.00 |
427157003.15 |
| UCAP |
17450023.00 |
169806595.20 |
| ACCESS |
15272567.00 |
144365524.80 |
