Investors gain N19 billion on market capitalisation

Nigeria’s equities rebounded at the end of trade on Tuesday as investors gained more than N19 billion on market capitalisation.

The upward trend was as a result of huge gains on the shares of First Bank Group, FNB Holdings which stood at 9.79%.

At the end the Tuesday’s business, All-Share Index inched up by 182.

96 absolute points representing a 0.45 percent increase to close at 40,896.96 compared to 40,714.00 of the previous day.

As many fund managers continued to see values from the trades, consequently, the market capitalisation of listed equities appreciated by N19 to close at N21, 310 trillion showing a 0.

45 percent increase higher than Monday’s N21 215 trillion.

The trade volume was also high as 563,882,178 million units of share exchanged hands in 4,253 deals.

The market sentiment, as measured by market breath was positive with 27 gainers and 13 losers to close the day’s trading session.

Champion Breweries Plc led the gainers table with a price gain of N0.23k to close at N2.53k then CORNERST followed with a price gain of N0.05k to close at N0.56k; while FBN Holdings also gained N0.95k to close at N10.65k.

On the other hand, CHIPLC led the losers’ chart, with a loss of N0.04k to close at N0.55k.JAPAULGOLD followed with a closing of  N0.45k after losing N0.03k and NEM Insurance Plc lost N0.06k to close at N2.02k.