capital market
NGX: Investors recoup losses, as NGX-ASI advance by 0.05%
Investors on Tuesday recouped losess from Monday’s trading gaining N25.72bn.
The market gain was fueled by strategic buying interests in NAHCO (+3.74%), FIDSON (+9.26%), ZENITHBANK (+2.59%), UBA (+2.25%), GTCO (+1.88%), NB (+0.34%), UCAP (+0.18%), and 16 others.
Consequently, investors gained N25.72bn, bringing the Market Capitalisation to N56.61trn, with a year-to-date return of 33.83%.
Meanwhile, the All-Share Index (NGXASI) gained 0.05 percent to close at 100,067.77 points, up from a 0.04 percent loss at 100,020.83 the previous day.
The total volume traded advanced by 33.11% to close at 365.64m, valued at N4.12bn and traded in 8,665 deals. UNIVINSURE was the most traded stock by volume, with N61.53m units traded, while UCAP was the most traded stock by value at N711.31m.
The Gote index declined 0.10 percent to close at 343.77 points, the Toni index rose 0.06% to close at 1,287.04 points, while the Samad index closed flat at 364.34 points.