Equities trading at the Nigerian Exchange Limited (NGX) on Tuesday was positive, extending gains for the fifth consecutive session.
The local bourse closed higher as the benchmark index gained 0.04 per cent to settle at 49,416.18 basis points.
The Month-to-Date and Year-to-Date returns of the All Share Index (ASI) remained unchanged at +3.7 per cent and +15.7 per cent, respectively.
Investors, therefore, earned N10.97 billion as the market capitalisation settled slightly higher at N26.92 trillion by the end of trading activities on Tuesday.
The Nigerian equities market traded with mixed sentiments as gains in Zenith Bank, Dangote Sugar and Guaranty Trust Holdings Company were the main drivers of the market’s overall performance having appreciated by 1.04 per cent, 1.3 per cent and 0.23 per cent, respectively.
As measured by market breadth, market sentiment was negative as 14 tickers lost relative to 11 gainers.
On the performance board, Neimeth Pharmaceutical topped the losers’ list after their respective share prices dipped by 9.7 per cent and 9.4 per cent, while UPDCreit and Royal Exchange recorded the most significant gains of the day after recording 8.6 per cent and 6.0 per cent growth in their respective share prices.
Analysing by sectors, the Banking and Oil & Gas indices recorded gains of 0.3 per cent and 0.2 per cent, respectively, while the Insurance index declined by 0.3 per cent. The Industrial Goods and Consumer Goods indices closed flat.
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