Equities trading activities on the Nigerian Exchange (NGX) Limited on Tuesday May 11
were seen more on the buy-side as investors continued to buy the dip in hunt for value.
The market closed further in the green zone, leading to its All Share Index (ASI) rising to 39,382.96 points, up by 70.22 points or 0.18percent from preceding day low of 39,312.86 points.
Insurance and industrial stocks helped the market to close in green while profit taking in banking, consumer goods and oil & gas stocks impacted the market’s negatively.
The record positive close on the Bourse helped to decrease the year to date (YtD) negative return to -2.20percent.
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In 4,265 deals investors exchanged 296,596,623 shares valued N3.361billion. The value of listed stocks on the NGX Limited increased by N37billion to N20.527billion, from preceding day low of N20.490trillion.
Meyer Plc led the gainers league after its share price increased from 52kobo to 57kobo, up by 5kobo, while Recency Alliance Plc declined most from 34kobo to 31kobo, losing 3kobo.
Access Bank Plc, UACN Plc, Fidelity Bank Plc, Zenith Bank Plc and Transcorp Plc were most traded stocks on the Bourse.
This will be another holiday shortened trading week as the market closes for public holidays on Wednesday and Thursday.
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