On Tuesday, the Nigerian Exchange Ltd. (NGX)’s market capitalization increased by N666 billion, or 1.63 percent, on the first trading day of the year. This increase represents a 1.63 percent increase, with the market closing at N41.583 trillion, up from N40.917 trillion on Friday.
Furthermore, the All-Share Index increased by 1,217.11 points, or 1.63 percent, closing at 75,990.88, up from 74,773.77 on Friday. As a result, the Year-to-Date (YTD) return increased to 48.96%. Increased trading in the shares of some insurance businesses, telecommunications corporations, and five-star hotels drove the favorable performance.
AIICO Insurance topped the list of top traders with a 10% increase in value, finishing at 88k. Following closely behind were Daar Communications and Ikeja Hotel, which both increased by 10%, finishing at 99k and N6.60 per share, respectively.
Infinity Trust Mortgage Bank and Linkage Assurance both gained 10%, closing at N6.60 and 88k per share, respectively. Cadbury and Mecure led the losers in percentage terms, falling 10% each to close at N17.1 and N10.89 per share. Thomaswy was also down 10%, closing at N2.43 per share. Furthermore, Prestige Assurance fell 9.80% to close at 46k, while Omatek fell 9.21% to close at 69k.
