Nigerian Breweries, Transcorp, and Other Companies Increase Stock Market Cap by N102.38 Billion.

The Nigerian equity market experienced a 0.36% growth on Tuesday, resulting in a total valuation of N28.54 trillion, an increase of N102.38 billion from Monday’s valuation of N28.44 trillion.

This upward movement was reflected in the All-Share Index, which rose by 188.04 basis points, climbing from 52,231.29 ASI to 52,419.33 ASI. Throughout the trading session, a total of 576.85 million shares were exchanged in 6,143 deals, with a total value of N6.78 billion.

Among the top five gainers, Nigerian Breweries’ shares experienced an appreciation of N3.20kobo, increasing from N32.10kobo to N35.30kobo per share. FTN Cocoa witnessed a growth of 9.68%, rising from N0.31kobo to N0.34kobo per share. Sovereign Insurance concluded trading at N0.46kobo, marking a 9.52% increase from N0.42kobo per share. Cornerstone gained 8.82% and closed at N0.74kobo, up from its opening price of N0.68kobo per share. Transcorp’s stock also saw an increase of N0.22kobo, closing at N3.06 from N2.84kobo per share.

On the other hand, the top five losers included CWG, which depreciated by N0.18kobo, falling from N1.87kobo to N1.69kobo per share. Courtville experienced a 6.52% decline, ending trading at N0.43kobo after opening at N0.46kobo per share. Ardova also followed a downward trend, losing N1.60kobo to sell at N24.80kobo from its previous price of N26.40kobo per share. Glaxo Smith reported a decline of N0.30kobo, ending trading at N6.50kobo per share after starting the day at N6.80kobo. Royal Exchange shares depreciated by 4% to reach N0.48kobo from N0.50kobo.

Among the top five equities traded on the stock exchange, UBA recorded the highest trading volume with 94.30 million shares valued at N795.90 million. Transcorp followed with 86.42 million shares valued at N261.67 million. Access Corporation saw 62.42 million shares exchanged, amounting to N635.67 million. Zenith Bank recorded a trading volume of 57.38 million shares worth N1.40 billion. FBN Holdings concluded the top five with 47.43 million shares valued at N571.49 million.