After two consecutive trading days of decline on the Nigerian Stock Exchange, the market turned positive on Tuesday as the All Share Index (NSE-ASI) recorded a gain of 3.68 percent.
Analysts say this was due to increased bargain hunting by investors on large and medium cap stocks during today’s trading activities.
Consequently, all market sectors gained in their respective index as MTN Nigeria (MTNN) and Dangote Cement (DANGCEM) contributed majorly to the gain. Market breadth closed positive, recording 30 gainers and 6 losers.
The All Share Index (ASI) gained 1112.29 absolute points, representing a growth of 3.68 percent to close at 31,307.00 points. Similarly, Market Capitalization increased by N489.91 billion, representing a growth of 3.68 percent to close at N13.79 trillion.
ENDURANCE OKAFOR
