The rally in the equities segment of the Nigerian Stock Exchange, which began last week, continued on Tuesday, with major indices closing positive.
The market capitalisation of the listed equities gained N53bn or 0.4 per cent from N11.945tn on Monday, to close at N11.998tn.
Similarly, the NSE’s All-Share Index was up by 165.34 basis points or 0.4 per cent to close at 37,885.66 points, up from 37,720.32 points recorded the previous day.
The NSE-30 Index rose by 0.5 per cent or 9.98 points from 1,778.09 points to close at 1,788.07 points, while the consumer goods index gained 1.04 per cent or 11.06 points to close at 1,073.27 points.
The NSE Oil/Gas Index and the Banking Index also appreciated to close at 182.38 points and 423.17 points respectively.
A total of 35 stocks recorded price appreciation, while 22 stocks lost.
IPWA Plc gained the highest, rising by 10 per cent or nine kobo to close at 99 kobo per share, while Jos International Breweries Plc recorded the highest loss for the day, shedding 10 per cent or 11 kobo to close at 99 kobo.
The Diversified Industries sub-sector dominated the activity chart, as trading in the sub-sector accounted for 72 per cent of total volume traded on Tuesday.