Africa-Press – Nigeria. Investors in the Nigerian stock market, known as Nigerian Exchange Limited, raked in N110 billion in equities as stocks hit eight consecutive gains on Tuesday.
This comes as NGX’s market capitalisation, which opened at N91.921 trillion, recorded a 0.12 per cent gain on Tuesday to close at N92.031 trillion.
Similarly, the All-Share Index also added 0.12 per cent, or 172.48 points, to settle at 144,995.26, against 144,822.78 recorded on Monday.
The uptrend is driven by investors’ interest in stocks like Cornerstone Insurance, Consolidated Hallmark Holdings, CHAMS, VFD Group, International Energy Insurance and 34 other stocks, which drove the market performance higher.
Consequently, NGX’s market breadth closed positive with 39 gainers against 34 losers.
Further analysis showed that Cornerstone Insurance led the gainers table with a 9.92 per cent gain, ending the session at N6.65, while Livingtrust Mortgage Bank led the decliners’ chart by 10 per cent to finish at N5.94.
Also, transactions in the shares of Access Corporation topped the activity chart in volume with 45.86 million shares valued at N1.19 billion on Tuesday.
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