The Nigerian Exchange Ltd. (NGX) gained N666 billion in market capitalization on Tuesday, the first trading day in 2024.
The gain represents 1.63 percent, closing at N41.583 trillion, compared to N40.917 trillion recorded on Friday.
The All-Share Index also grew by 1,217.11 points or 1.63 percent to close at 75,990.88, against 74,773.77 recorded on Friday.
As a result, the Year-to-Date (YTD) return rose to 48.96 percent. The positive performance resulted from increased trading in the shares of some insurance companies, telecommunication companies, and five-star hotels.
AIICO Insurance led the top traders’ table in percentage terms of 10 percent to close at 88k.
Daar Communications and Ikeja Hotel followed it, growing by 10 percent each to close at 99k and N6.60 per share, respectively.
IInfinity Trust Mortgage Bank and Linkage Assurance also gained 10 percent each to close at N6.60 and 88k per share, respectively.
Cadbury and Mecure led the losers’ table in percentage terms by 10 percent each to close at N17.1 and N10.89 per share.
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.
