ASI rise by 0.81%, despite negative indices performance in Tuesday’s trading at NGX

Trading activities at the floor of the NGX ended on high, Tuesday as the All Share Index (ASI) rose by 0.81 per cent to close at 38,917.99 points representing 313.27 points higher than the 38,604.72 recorded at the close of trading on Monday.

However, the performance indices for four out of the five five sub-sectors tracked closed in red with the banking index leading the trail as it lost 0.82 per cent. The oil and gas index followed as it also dropped by 0.24 per cent. The Consumer good index also fell by 0.26 per cent and the Insurance index fell by 0.97 per cent while the Industrial index closed flat at 0.00 per cent.

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On the market capitalization, equities of traded firms also appreciated by N163 billion to close at N20.277 trillion as against N20.114 trillion recorded on Monday.

Tuesday’s trading saw a total of 231,451,362 shares with market value of N2.133 billion traded in 4,651 deals.

Wema Bank led the gainers table having gained N0.05k or 5.95 per cent to close at N0.89k per share. UPDC followed closely with N0.07k or 5.93 per cent gain to close at N1.25k, the AirAfri gained N35.00k or 5.69 per cent to close at N650.00k

On the other hand, FTNCocoa led the losers list after it lost N0.04k or 8.16 per cent to close at 0.45k, followed by Honeyflour which lost 0.13k or 7.78 per cent to close at 1.54k and Mutual Benefit lost N0.02k or 5.13 per cent to close at N0.37k.

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Transcorp was the most traded for the day as it had the biggest volumes of traded shares of 17,477 million shares worth N16.559 billion followed by Jaizbank with 16,583 million shares worth N10.235 billion.

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