The Nigerian equities market gained N88 billion on Tuesday as buying interest in select stocks lifted market indicators. Market capitalisation rose to N140.523 trillion from N140.435 trillion the previous day, while the All-Share Index climbed 135.97 points to close at 218,249.81. Gains were driven by strong performance in National Salt Company, Union Dicon Salt, WAPCO, Trans-Nationwide Express and UAC of Nigeria. National Salt Company surged 10 per cent to N171.60, Union Dicon Salt rose 9.92 per cent to N19.95, and WAPCO gained 9.64 per cent to N273 per share. Trans-Nationwide Express advanced 8.27 per cent to N7.20, and UAC of Nigeria climbed 7.84 per cent to N110.
Despite the overall positive movement, market breadth closed negative with 44 stocks declining against 25 gaining. Legend Internet fell 9.92 per cent to N5.63, Abbey Mortgage Bank dropped 9.59 per cent to N6.60, and Stanbic IBTC lost 8.96 per cent to N154.50. Access Corporation declined 8.83 per cent to N29.95, while Veritas Kapital lost 7.50 per cent to N1.85. Trading activity slowed, with total volume falling 14.38 per cent to 842.48 million shares valued at N44.86 billion across 61,617 deals. Access Corporation led volume with 110.81 million shares traded, while MTN Nigeria topped value with N6.55 billion in transactions, accounting for 14.60 per cent of total market value.
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