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Investors record N426.28bn gain

NGX

The Nigerian Exchange Limited (NGX) closed on a positive note on Tuesday, with investors recording a significant gain of N426.28 billion.

Market capitalization, which opened at N66.069 trillion, rose by 0.65 percent to close at N66.495 trillion.

The NGX All-Share Index (ASI) also increased by 0.65 percent, or 683.65 points, to close at 106,574.98 from 105,891.33 points recorded at the previous session. A total value of shares worth N11.762 billion in 15,561 deals was recorded on Tuesday.

At the end of trading, 40 companies drove gains while 25 losers were recorded for equities.

The top two gainers were Ellah Lakes, which appreciated by 10 percent, gaining 33k to close at N3.63, while Honey Flour appreciated by 9.93 percent, gaining N1.04. Other gainers include United Bank for Africa (UBA), which appreciated by 1.84 percent, gaining 70k to close at N38.80, while FBN Holdings appreciated by 0.93 percent, gaining N50.30 to close at N32.50.

Meanwhile, the top two losers were International Energy Insurance, which depreciated by 9.78 percent, losing 22k to close at N2.03, while Eunisell Chemicals dipped by 9.74 percent, dropping by N1.30 to close at N12.05.

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