Additionally, the market cap experienced a gain of N618bn at the end of Tuesday’s trading, surpassing the N535bn gain realized on Monday.
In total, the two days of trading resulted in a N1.153tn gain, contributing to the year-to-date index gain of 35.09 percent.
With the release of favorable earnings reports by corporations, investors have shown interest in acquiring stocks of large and medium-cap companies such as Airtel Africa Plc, Cadbury, FBN Holdings, UAC Nigeria, Chams, and United Bank for Africa, among others.
The positive investor sentiments can be seen in the market breadth, which stood at 1.60x, compared to the previous figure of 2.81x, with 40 stocks appreciating and 25 decliners.
Notably, stocks like Airtel (+10 percent), Cadbury (+9.92 percent), Northern Nigeria Flour Mills (+9.92 percent), Chams (+9.90 percent), and ABC Transport (+9.72 percent) were particularly favored by investors on Tuesday.
Across various sectoral indexes, the market experienced bullish performance in the Banking, Insurance, and Industrial Goods sectors, which increased by 0.94 percent, 1.87 percent, and 0.09 percent, respectively. The Consumer Goods sector witnessed a 0.02 percent decline, while the Oil/Gas sector remained unchanged from the previous day.
Trading activities improved, with a 4.85 percent uptick in total deals and a 12.29 percent increase in volume. This resulted in 8,027 trades and 483.27 million units. However, the total value of traded shares declined by 26.80 percent to N6.04bn.
At the end of trading on Tuesday, there were 119 traded stocks.
The losers’ chart was topped by Betaglas, University Press Plc, and Ellah Lakes, which experienced losses of 9.93 percent, 9.79 percent, and 9.56 percent, respectively.
Japaul Gold was the most actively traded stock, with 155.59 million shares worth N181.86 million exchanged in 411 deals. This was followed by UBA, Zenith Bank, AccessCorp, and GTCO.
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