The Nigerian Exchange Ltd. (NGX) closed Tuesday’s trading session on a marginally positive note, with the market capitalisation inching up by N20 billion to N68.965 trillion, representing a 0.03 per cent increase from Monday’s N68.945 trillion.
Similarly, the All-Share Index (ASI) added 32.64 points to close at 109,730.47, up from 109,697.83 recorded the previous day, also reflecting a 0.03 per cent gain.
The slight uptick was influenced by cautious investor sentiment following the conclusion of the 300th Monetary Policy Committee (MPC) meeting held on Monday and Tuesday.
Despite the overall market uptick, sentiment remained largely bearish, as the market breadth closed negative with 32 decliners and 31 advancers.
Berger Paints led the laggards, shedding 9.98 per cent to close at N21.20. Mutual Benefits Assurance followed with a 9.80 per cent drop to 92 kobo per share.
ABC Transport dipped by 9.77 per cent to N2.40, while Aradel Holdings Plc declined by 8.55 per cent to close at N460. Caverton Offshore Support Group also lost 7.09 per cent, finishing at N3.80 per share.
On the gainers’ chart, Nestlé rose by 10 per cent to N1,464.10, joined by Regalins, which also advanced 10 per cent to 66 kobo per share. Tripple G climbed by 10 per cent to N2.20, while Tantalizer jumped 9.88 per cent to N2.78 per share. Multiverse Mining added 9.60 per cent, closing at N9.70.
Trading volume stood at 497.06 million shares worth N13.213 billion, exchanged in 18,795 transactions. This compares to 486.09 million shares valued at N11.38 billion traded in 24,883 deals on Monday.
Fidelity Bank led the activity chart with 60.18 million shares traded, worth N1.120 billion. United Bank for Africa followed with 36.39 million shares valued at N1.26 billion, while Custodian Investment exchanged 35.64 million shares worth N698.80 million.
Tantalizer accounted for 27.59 million shares worth N76.43 million, and United Capital traded 26.74 million shares valued at N496.39 million.
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