The All-Share Index appreciated by 1.65 percent compared to Monday’s 1.45 percent increase to close the day at 69,236.19 points.
Similarly, the market cap gained N618bn at the close of Tuesday’s trading, up from the N535bn gain on Monday.
Combined, the two days’ trading gains amount to N1.153tn. Hence the year-to-date gain of the index rose to 35.09 percent.
With the earnings scorecards released by corporates, investors have also been acquiring stocks of large and medium-cap stocks, such as Airtel Africa Plc, Cadbury, FBN Holdings, UAC Nigeria, Chams, United Bank for Africa and others.
Market Breadth which is the measure of investors’ sentiments, was positive at 1.60x compared to its previous market breadth of 2.81x as 40 Stocks appreciated against 25 decliners.
Specifically, stocks such as Airtel (+10 percent), Cadbury (+9.92 percent), Northern Nigeria Flour Mills (+9.92 percent), Chams (+9.90 percent) and ABC Transport (+9.72 percent) were the toast of investors on Tuesday.
Across monitored sectoral indexes, the performance remained bullish as the Banking, Insurance and Industrial Goods sectors closed in the green zone increasing by 0.94 percent, 1.87 percent, and 0.09 percent respectively while the Consumer Goods sector declined by 0.02 percent, the Oil/Gas sector remained unchanged from the previous day.
There was an improvement in trading activities with an uptick of 4.85 percent in total deals and a 12.29 percent increase in volume, resulting in 8,027 trades and 483.27 million units. However, the total value of traded shares dropped by 26.80 percent to N6.04bn.
The number of traded stocks stood at 119 at the close of trading on Tuesday.
The losers’ chart was led by Betaglas, University Press Plc, Ellah Lakes with 9.93 percent, 9.79 percent and 9.56 percent loss respectively.
Japaul Gold emerged as the most actively traded stock, with 155.59 million shares worth N181.86 million changing hands in 411 deals followed by UBA, Zenith Bank, AccessCorp and GTCO.
