Nigerian stock market extends rally as investors gain N1.64tn

The Nigerian banal marketplace on Tuesday, maintained its upward momentum, with investors gaining N1.639 trillion arsenic bullish sentiment continued to predominate trading activities.

Data from the Nigerian Exchange Limited, NGX, showed that marketplace capitalisation accrued by 1.06 per cent to adjacent astatine N154.484 trillion, compared to N152.845 trillion recorded successful the erstwhile trading session.

Likewise, the All-Share Index, ASI precocious by 2,524.00 points, representing a 1.06 per cent increase, to settee astatine 240,743.19 from 238,219.19 posted on Monday.

As a result, the market’s Year-to-Date, YTD instrumentality improved to 54.71 per cent, portion marketplace breadth closed affirmative with 33 gainers and 23 losers.

On the gainers’ table, Airtel Africa and Guinea Insurance led the battalion with a 10 per cent appreciation each, closing astatine N4,358.80 and N1.10 per share, respectively.

Conversely, Red Star Express topped the losers’ illustration aft shedding 9.96 per cent to adjacent astatine N24.86, portion Premier Paints declined by 9.93 per cent to settee astatine N30.40 per share.

Further investigation indicated that investors traded a full of 564.9 cardinal shares valued astatine N39.35 cardinal successful 49,230 deals. This compares with 475.82 cardinal shares worthy N36.49 cardinal exchanged successful 63,567 transactions during Monday’s session.

Fidelity Bank emerged arsenic the astir actively trad...