The Nigerian Exchange Limited (NGX) rebounded on Tuesday, recording N2 billion gain for investors.
The All-Share Index also appreciated by 11.54 base points to 51, 138.92, pushing the year-to-date returns marginally to 0.22 per cent at the end of trading.
Market activities showed trade turnover strengthened relative to the previous session, as the volume and value of transactions surged by 703.18 percent and 220.17 percent respectively.
Similarly, investors’ sentiment as measured by market breadth improved leading to 21 gainers against 21 decliners.
A total of 1.82bn units of shares valued at N5.02bn were exchanged in 4,669 deals on the NGX. Indigenous conglomerate, Transcorp, led the volume and value chart with 1.60bn units traded in deals worth N3.09bn.
Buying interests were also recorded in the shares of Nigerian Breweries (+1.10 percent) and GTCO (+0.60 percent).
Performance across indices was largely bearish as the insurance, banking, and industrial goods indices declined by 1.43 percent, 0.50 percent, and 0.01 percent respectively, on the back of sell-offs in Linkage Assurance (-8.33 percent), Zenith Bank (-0.91 percent) and Wapco (-0.21 percent).
Quadri Olaitan is a journalist and contributor to Freelanews.com, covering news, public affairs, and human-interest stories.
