Stock investors rally N75bn gain, market cap hits N21.07trn
Stock investors of the Nigerian Stock Exchange on Tuesday, January 12, 2021 smiled to the bank as they rallied a gain of N75bn en evas the bulls regained grip on trading activities.
The market capitalisation of equities grew by N75bn from N20.99tn the previous day to N21.07tn on Tuesday as market sentiment remained in the positive territory.
The Nigerian Stock Exchange All-Share Index appreciated by 0.36 per cent with market breadth closing positive with 27 gainers against 20 losers.
The ASI appreciated by 145.17 basis points or 0.36 per cent to close at 40,295.95bps as against 40,150.95bps recorded the previous trading session.
Meanwhile, a turnover of 1.17 billion shares exchanged in 5,592 deals was recorded in the day’s trading.
The insurance subsector was the most active (measured by turnover volume), with 100.95 million shares exchanged by investors in 415 deals.
Call 0803 239 3958 for free financial consulting advice for your businesses. Attend our bi-monthly Peachtree Sage 50 accounting and reporting seminar.
Reach us or send your financial updates and articles to firstname.lastname@example.org.
READ ALSO! Naira free fall: Parallel market not determined by demand, supply forces — CBN Governor
READ ALSO! Skytrend Consulting: Financial services and accounting solutions company
READ ALSO! Why The North Remains Headquarters Of Poverty In Nigeria — Kingsley Moghalu
READ ALSO! For failing to give out ‘adequate loans’, 12 banks fined N499bn
READ ALSO! Naira plunge: Speculators will suffer huge loss, Operators warn
READ ALSO! How To Empower Yourself And Generate Income From Mutual Funds