Nigerian Exchange Limited
Stock Market Rebounds on Tuesday, Market Value Appreciates by N112 Billion
The Nigerian Exchange Limited (NGX) halted its bearish trend on Tuesday on the back of renewed interest in banking stocks led by FBN Holdings Plc.
Investors traded 423,833,879 shares valued at N11.649 billion in 4,181 deals during the trading hours of Tuesday, against 293,429,620 shares worth N4.289 billion in 4,239 deals on Monday.
Market value grew by N112 billion to N22.672 trillion on Tuesday, up from N22.572 trillion it closed on Monday. NGX All-Share Index appreciated by 0.49 percent to 43,444.2 index points from 43,230.34 index points.
Investors jumped on banking stocks during Tuesday’s trading hours with FBN Holdings emerging as the most traded stock as shown in the table below.
Top Five Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| CUTIX | N 3.00 | N 3.25 | 0.25 | 8.33 % |
| CORNERST | N 0.52 | N 0.56 | 0.04 | 7.69 % |
| CHIPLC | N 0.58 | N 0.62 | 0.04 | 6.90 % |
| ROYALEX | N 0.50 | N 0.53 | 0.03 | 6.00 % |
| REGALINS | N 0.38 | N 0.40 | 0.02 | 5.26 % |
Top Fiver Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| TOTAL | N 240.80 | N 216.80 | -24.00 | -9.97 % |
| MBENEFIT | N 0.29 | N 0.27 | -0.02 | -6.90 % |
| LINKASSURE | N 0.56 | N 0.53 | -0.03 | -5.36 % |
| MANSARD | N 2.30 | N 2.20 | -0.10 | -4.35 % |
| CHAMS | N 0.23 | N 0.22 | -0.01 | -4.35 % |
Top Five Trades
| Symbols | Volume | Value |
|---|---|---|
| FBNH | 223584099.00 | 2757789661.65 |
| STERLNBANK | 32480228.00 | 48735326.76 |
| TRANSCORP | 24666656.00 | 24471849.70 |
| GTCO | 20841624.00 | 564222397.50 |
| JAIZBANK | 15925442.00 | 10335779.27 |