NGX market capitalisation gains N666bn, up 1.36%

The market capitalisation of the Nigerian Exchange Ltd. (NGX) on Tuesday, first trading of the year, recorded a gain of N666 billion or 1.63 per cent.

The gain represents 1.63 per cent, closing at 41.583 trillion, compared to N40.917 trillion recorded on Friday.

Also, the All-Share Index also grew by 1,217.11 points or 1.63 per cent to close at 75,990.88 as against 74,773.77 recorded on Friday.
As a result, the Year-to-Date(YTD) return rose to 48.96 per cent.

The positive performace was as a result of an increase trading in the shares of some insurance companies, telecommunication companies and five stars hotels.

Meanwhile, AIICO Insurance led the top trader’s table in percentage terms of 10 per cent to close at 88k.

It was followed by Daar Communications and Ikeja Hotel also grew by 10 per cent each to close at 99k and N6.60 per share, respectively.

Also, IInfinity Trust Mortgage Bank and Linkage Assurance gained 10 per cent each to close at N6.60 and 88k per share, respectively.

On the loosers table, Cadbury and Mecure led in percentage terms by 10 per cent each to close at N17.1 and N10.89 per share.

Thomaswy also dropped by 10 per cent to close at N2.43 per share.

Prestige Assurance shed 9.80 per cent to close at 46k, while Omatek lost 9.21 per cent to close at 69k.