NGX: Equity Market Sustains Gains By 0.4%

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Positive sentiments persisted in Nigeria’s equity market on Tuesday as the market’s All-share index appreciated by 0.4% to 39,015.58 points from 38,854.73 points on Monday.

The market capitalization appreciated by N84 billion to close at N20.418 trillion from N20.334 trillion on Monday.

Investors traded 339.01 million shares valued at N27.03 billion on Tuesday.

Fidelity Bank was the most traded stock by volume at 125.26 million units while Guaranty was the most traded stock by value at N683.07 million.

Market breadth was also positive as 24 stocks gained relative to 12 losers.

On sectors, the Banking index rose 1.7%, the Insurance rose 1.1% and the Consumer goods index gained 0.4%. The Oil and gas index, however, dropped by 0.5% while the Industrial goods index closed flat.

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