The Nigerian equities market maintained its bullish run as investors gained N259.48bn at the close of trading.on Tuesday.
This followed a surge in the share prices of stocks like Honeywell Flours Plc, Skye Shelter Fund Plc and Scoa Plc, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 112,427.48 points from 112,015.95 points recorded the previous day.
After five hours of trading at the capital market, the equity capitalisation surged to N70.6 trillion from N70. 4 trillion posted by the bourse on Monday.
The market breadth was positive as 34 stocks advanced, 31 stocks declined, and 67 stocks remained unchanged in 17,044 deals.
Honeywell Flours Plc, Skye Shelter Fund Plc and Scoa Plc led other gainers with 10% growth each in prices to close at N22.00, N226.60 and N5.39 from the previous N20.00, N206.00 and N4.90 per share.
Conoil Plc Learn Africa Plc and Transcorp Hotel led other price decliners with 10%, 9.98% and 9.97% dip in share prices to close at N268.30, N3.88 and N132.80from the previous N298.10, N4.31 and N147.50 per share.
On the volume index, Fidelity Bank Plc led trading with 108 million shares in 594 deals, followed by Legend Internet which traded 60 million shares in 44 deals.
United Bank of Africa (UBA) traded 55 million shares in 777 deals.
On the value index, Guaranty Trust Holding Plc (GTCO) traded stocks valued at N2.8 billion in 594 deals, followed by Fidelity Bank Plc which traded equities worth N2 billion in 1, 177 deals.
United Bank of Africa (UBA) traded shares valued at N1.9 billion in 777 deals.
By: Babajide Okeowo
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