Equities market gains 3.93% in one day, as NGX ASI hits 87971.1 basis points
In another phenomenal trading day at the equities market, the Nigerian Exchange Limited All-Share Index (NGX ASI) appreciated by 3.93per cent, gaining 3,330.21 basis points to close at an all-time high of 87,971.10 basis points.
The market cap gained N1.82trillion on Tuesday to N48.139trillion from N46.317trillion it opened for trading.
Equities witnessed significant upswings with 75 gainers overshadowing the nine losers.
Dangote Cement stood out as a notable performer, registering a robust 9.84per cent gain. Additionally, Dangote Sugar experienced a commendable 10per cent increase, while FBN Holdings marked a resurgence in SWOOT territory with a notable 6.73per cent upswing.
Like the ASI, equities gained N1.82 trillion as the market capitalization appreciated to N48.139 trillion, from yesterday’s N46.319 trillion.
Concerning trading volume, there was a 32per cent increase in trading volume to 1.067 billion units, from yesterday’s 807.51 million units. And regarding value, there was a 43% appreciation in trading value to N15.77 billion, from yesterday’s N11.03 billion.
