On Tuesday, the Nigerian stock market saw a positive change, recovering ₦101 billion after several days of losses.
The total value of all the stocks on the market rose by ₦101 billion, ending the day at ₦65.589 trillion, up from ₦65.488 trillion on Monday.
The stock market’s key index also went up by 159.88 points, closing at 104,376.75, a small but welcome rise from the previous day.
However, not all stocks performed well. While some rose in value, many more lost ground. A total of 43 stocks went down, while only 16 gained.
Among the biggest losers were Union Homes Real Estate Investment Trust, which dropped by 9.95 per cent, and Nigerian Aviation Handling Company, which lost almost 10 per cent.
Other companies that saw a fall in stock prices included NEM Insurance, Lasaco Insurance, and Royal Exchange.
On the bright side, Secure Electronic Technology saw the biggest rise, with its stock price jumping nearly 9 per cent. Abbey Mortgage Bank also performed well, increasing by 8.35 per cent. Sterling Bank and VFD Group were other companies that saw good gains.
In terms of trading, 460.57 million shares were bought and sold, worth a total of ₦10.1 billion. This is a slight drop from the previous day’s trading volume.
Access Corporation led the day’s trading with the highest number of shares sold, followed by Guaranty Trust Holding Company, Fidelity Bank, and First City Monument Bank.
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