BUSINESS

Stock market maintains positive trend, up 0.11%

Stock market maintains positive trend, up 0.11%The Nigerian stock market maintained its positive trends on Tuesday, bringing the overall market index up by 0.11 per cent.

Investors gained N62 billion or 0.11 per cent as the market capitalisation, which opened at N56.608 trillion, closed at N56.670 trillion.

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The All-Share Index also advanced by 0.11 per cent or 109.3 points to close at 100,075.59, compared to 99,966.28 recorded on Monday.

As a result, the Year-To-Date (YTD) return rose to 33.84 per cent.

 

Sustained buy interest in Tier-one banking tickers such as Zenith Bank, FBN Holdings, United Bank For Africa (UBA), Access Corporation, alongside United Capital, UACN and other advanced equities drove the market’s positive performance.

 

Meanwhile, market breadth closed positive with 19 gainers and 15 losers on the floor of the Exchange.

 

 

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