The equities market rebounded on Tuesday, rising by 0.40 per cent as investors gained N516 billion, reversing losses recorded in the previous two trading sessions.
Renewed investor interest in stocks such as Multiverse Mining, International Energy Insurance, CHAMS, MTN Nigeria, PZ Cussons and 15 other gainers drove the market into positive territory.
Market capitalisation increased from N128.693 trillion to N129.209 trillion, reflecting a gain of N516 billion.
Similarly, the All-Share Index advanced by 803.35 points, or 0.40 per cent, to close at 201,287.78, up from 200,484.43 recorded in the previous session.
Consequently, the Year-to-Date (YTD) return climbed to 29.35 per cent.
However, the market breadth closed negatively with 50 decliners against 20 gainers.
NPF Micro-finance Bank led the losers’ chart by 10 per cent, ending the session at N6.30, Skyway Aviation Handling Company trailed by 9.97 per cent, closing at N143.10.
Zichis Agro Allied Industries shed by 9.96 per cent, finishing at N13.65 per share.
Similarly, Mutual Benefits Assurance dropped by 9.91 per cent, closing at N4.09 and RT Briscoe fell by 9.90 per cent, settling at N9.65 per share.
Conversely, Multiverse led the gainers’ chart by 9.98 per cent, finishing at N18.35, International Energy Insurance followed by 9.49 per cent, settling at N3.23 and CHAMS gained by 8.40 per cent, ending the session at N4.39 per share.
MTN Nigeria increased by 5.85 per cent, closing at N760 while PZ Cussons added by 4.59 per cent, finishing at N82 per share.
Market activity strengthened during the session, as total traded volume surged by 49.63 per cent to 887.68 million shares, valued at N35.56 billion across 53,436 deals.
Wema Bank led the volume chart with 184.13 million shares, representing 20.74 per cent of total turnover, while MTN Nigeria dominated by value, recording N9.08 billion in trades, accounting for 25.52 per cent of the day’s total value.
