Trading on the floor of the Nigerian Stock Exchange (NSE) on Tuesday lifted the major market indicators, erasing part of the losses recorded on Monday.
Top traded equities were Access Bank Plc with 74.596 million shares worth N727.4m sold and United Bank for Africa with 39.529 million shares valued at N307.8m traded as the market capitalisation of the listed equities also gained 0.19 per cent or N27bn to close at N13.899tn, erasing part of the N194bn loss that dragged it down to N13.872tn on Monday.
Transnational Corporation of Nigeria and FBN Holdings Plc were also among the most traded stocks with 26.092 million shares valued at N146.3m and 14.665 million shares worth N225.4m traded respectively, while 11.172 million shares of Guaranty Trust Bank stocks valued at N332.2m were traded.
The NSE 30 Index, which tracks the performance of the 30 most capitalised companies on the Exchange, appreciated by 4.55 basis points or 0.23 per cent to close at 1,919.89 basis points.
It had declined by 31.05 basis points or 1.6 per cent to close at 1,915.34 basis points the previous day.
The banking sub-sector led the activity chart in terms of volume traded, accounting for 59 per cent of the 288.558 million shares valued at N3.718bn traded on the day in 5,490 deals.
In the sub-sector, 170.618 million shares worth N1.763bn were exchanged by investors in 1,568 deals.
The gainers were led by RT Briscoe Plc, which rose by 6.59 per cent or six kobo to close at 97 kobo per share.
Paints and Coatings Manufacturers Nigeria Plc was up by 4.76 per cent or seven kobo to close at N1.54 per share, while Airline Services and Logistics Plc and Evans Medicals Plc gained 4.72 per cent and 4.63 per cent to close at N2.22 and N2.26 per share, respectively.
Livestock Feeds Plc, which fell by 6.40 per cent or 21 kobo to close at N3.07 per share, led 30 other stocks that recorded price depreciation on Tuesday.
