NGX sustains positive momentum, All Share Index crosses 100,000 mark

The equity market has maintained its positive momentum with the All-Share Index crossing 100,000 benchmark, the highest point since July 25, to close at 100,050.94.

Specifically, the All-Share Index, on Tuesday, added 0.13 per cent or 128.31 points to an opening of 99,922.63.

Consequently, the market capitalisation which opened at N60,572 trillion, gained N78 billion or 0.13 per cent to close at N60.650 trillion.

As a result,  the Year-To-Date (YTD) return rose to 33.80 per cent.

Gains in Guaranty Trust Holding Company (GTCO), Stanbic IBTC, and Sterling Nigeria, among other equities, contributed to keeping the market in the green.

Also, trade turnover settled higher relative to the previous session with the value of transactions up by 33.39 per cent.

A total of 478.08 billion shares valued at N22.51 billion were exchanged in 9,578 deals, compared with 740.89 billion shares valued at N16.88 billion traded across 10,430 deals, recorded previously.

E-Tranzact led the activity chart with 70.23 million shares, while Transcorp Hotel led in value of deals worth N7.42 billion.

However, market breadth closed negative with 28 losers and 25 gainers.

Cutix led 27 other declined equities on the losers’ table by 10 per cent to close at N2.25 per share.

MRS and WAPIC Insurance led 23 other advanced equities on the gainers’ table by 10 per cent, each to close at N145.20, N1.54 per share,  respectively.