UBA, Transcorp lead most traded stocks as NGX gains N263bn

United Bank for Africa (UBA) Plc and Transcorp were among the top three most traded stocks on Tuesday even as the Nigerian Exchange (NGX) gained N263billion.

At the end of Tuesday’s trading session equities extended a bullish run even as the exchange recorded higher trading activity in terms of volume as 676.74 million units of shares were traded today compared to the 515.28 million traded from the previous day’s session.

UNIVINSURE led the chart in terms of volume as 235.15 million units were traded. UBA (69.10 million) and TRANSCORP (41.57 million) rounded up the top 3 traded stocks.

In terms of value traded, UBA (N1.22 billion) led the chart followed by FIDELITY BANK (N278.18 million) and TRANSCORP (N274.18 million) to round up the top three.

The All-Share Index (ASI) traded 0.71% higher to close at 68,359.22 index points as against 67,877.17 index points recorded in the previous day’s trading session.

Likewise, the market capitalisation of equities saw a gain of N263 billion to close at N37.413 trillion, 0.71 per cent higher than the N37.150 trillion recorded in the previous trading session.

Market breadth closed positive as ELLAHLAKES (10.00 per cent) led the gainers, NSLTECH (-10.00 per cent) led the losers while UNIVINSURE was the most traded equity – by volume – at the end of today’s session.

ELLAHLAKES, BERGER and ETRANZACT led the top gainer’s chart as they all gained +10.00 per cent, +9.95 per cent and +9.93 per cent respectively.

Meanwhile, NSLTECH, SCOA and MULTIVERSE led the top losers’ chart as they lost –10.00 per cent, -10.00 per cent, and –9.93 per cent respectively.

Shares of stocks worth over one trillion (SWOOTs) saw mixed results as ZENITH BANK (-0.45 per cent) closed negative while BUA FOODS (6.32 per cent) and GTCO (0.43 per cent) both recorded positive trading sessions.