The Nigeria stock market witnessed a positive trading session on Tuesday after a long time of bearish performances. The major market indicator, the All Share index recorded an uptick of 1.7% to close at 26,255.11 index points.
Stock market investors have reason to smile yesterday after enduring recurrent losses over the past month, as the bourse gained N232.2 billion to close at N13.69 trillion compared to an opening value of N13.46 trillion.
The top five Nigerian banks (FUGAZ) First Bank, UBA, GTBank, Access Bank and Zenith Bank attracted heavy investments, as they recorded transactions in 238.8 million units of shares valued at N3.74 billion.
Top trades by volume
GTBank stock traded in large volume on Tuesday as it recorded trades in 83.12 million units of shares at N2.01 billion across 913 deals. GTBank trades accounted for 39.7% of the total value of stocks traded in the stock market today.
Zenith Bank also recorded large volume of trades as it traded in 54.56 million units of shares valued at N1.05 billion across 701 deals while UBA traded in 37.82 million units of shares at N261.37 million across 391 deals.
First Bank Holdings made the ranks with trades in 32.19 million units of shares at N163.43 million across 283 deals while Access bank Plc rounded off the list with trades in 31.06 million units of shares at N256.18 million across 208 transactions.
On the gainers’ list, PZ Cussons was the best performing stock, advancing by 9.88% to close at N4.45, followed by Skyway Aviation, which gained 9.86% to close at N2.34. Access bank recorded 9.74% gain to close at N8.45 with First bank Holdings gaining 9.57% to close at N5.15 while UACN capped the list with 9.46% gain to close at N8.1.
On the flip side, ACB Transport dipped 10% to close at N0.27. Dangote Sugar followed with a 9.92% loss to close at N10.9 while Okomu Oil recorded a 9.71% loss to close at N61.4. Royal Exchange shed 9.09% to close at N0.2 while Mansard Insurance rounded off the list with 8.93% loss to close at N1.53 compared to the opening value of N1.68.
Download Nairametrics App for breaking news and market intelligence.