Nigeria’s NGX Appreciate by 1.12%

Transactions in the Nigerian Exchange (NGX) remained positive as the All-Share Index appreciated by 483.68 absolute points, representing a 1.12 percent increase to close at 43,730.55 higher than Monday’s 43,245.87.

The market capitalization of listed equities appreciated by N643 billion to close at N22. 821 trillion, showing a 1.13 percent increase compared to the N22, 569 trillion recorded the previous day.

As investors positioned to explore and take more gains, a stock broker, Rotimi Fakayejo, attributed the positive market sentiment to the improved performance of securities from the telecommunications and banking sectors.

At the end of the day’s trade, investors saw 280.71 million units of shares valued at N3.48 billion exchange hands in 4,342 deals.

On the gainers’ table, Airtel Africa had a price gain of N22.00 to close at N880.00. MTN Nigeria followed with a price gain of N8.50k to close at N200.00, while ARDOVA gained N1.00 to close at N14.55k.

On the flipside, Julius Berger led the chart with a loss of N0.09k to close at N8.55k. CONOIL lost N1.30 k to close at N21.70k, while NASCON lost N0.65k to close at N14.00.