NGX reverses negative trend, market capitalisation up by 0.01%

Trading on Nigerian Exchange Ltd. (NGX) gained marginally on Tuesday as market capitalisation increased by N3 billion or 0.01 per cent to close at N26.670 trillion against N26.667 trillion on Monday.

Similarly, the All Share Index appreciated by 5.10 basis points or 0.01 per cent to close at 49,445.31 against 49,440.21 on Monday.

Consequently, the year-to-date (YTD) return increased to 15.75 per cent.

Investors’ demand in shares of Tier-one banks such as FBN Holdings and Zenith Bank drove the performance of the market.

Also, equities that participated in the trading ended with 11 gainers and 14 losers.

A breakdown of the price movement table indicated that RT Briscoe led the gainers’ table, growing by 10 per cent to close at 33 kobo per share.

FBN Holdings followed with a gain of five per cent to close at N10.50, and Linkage Assurance gained by 4.35 per cent to close at 48 kobo per share.

Regency Alliance Insurance appreciated by four per…

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