NGX market capitalisation gains N666bn, up 1.36%

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

The gain represents 1.63 percent, 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 percent, 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 percent.

The positive performance was a result of an increase in trading in the shares of some insurance companies, telecommunication companies, and five-star hotels.

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

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

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

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

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

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