Investors at the Nigerian Exchange Limited saw a significant gain of N315 billion on Tuesday as the stock market rebounded, reversing two days of declines. The market capitalization of the NGX increased by N315 billion, or 0.46 percent, closing at N68.357 trillion, up from N68.042 trillion on Monday.
The All-Share Index (ASI) also rose by 501.14 points, or 0.46 percent, finishing at 108,762.61, compared to 108,261.47 in the previous session. This upward trend was driven by bargain-hunting in select stocks.
The market breadth was positive, with 41 stocks gaining and 24 losing. Among the gainers, Chellaram surged by 10 percent to close at N11.44 per share, while Oando Plc also climbed by 10 percent, settling at N49.50 per share. Transcorp increased by 9.99 percent, ending the session at N46.25, and Beta Glass rose by 9.96 percent, closing at N194.30 per share.
Caverton Offshore Support Group saw an increase of 9.85%, closing at N3.68 per share.
On the other hand, Haldane McCall Plc experienced a decline of 9.85%, finishing at N4.21, while Academy fell by 7.33%, closing at N4.30 per share. UPDC Real Estate Investment dropped by 6.25%, ending the session at N3.00, and ABC Transport decreased by 6.13%, closing at N2.91 per share. Additionally, NPF Microfinance Bank lost 5.14%, finishing at N2.03 per share.
In total, 498.48 million shares were traded, amounting to N10.781 billion across 14,916 transactions. This is an increase from the previous session, which saw 414.57 million shares worth N10.72 billion exchanged over 16,664 transactions.
Tantalizer led the trading activity with 57.80 million shares valued at N131.32 million. Access Corporation followed with 36.79 million shares worth N784.43 million, while Guaranty Trust Holding Company sold 31.84 million shares valued at N2.19 billion. Fidelity Bank also participated in the trading.
