NGX Rebounds as Airtel Africa, Consumer Stocks Lift Market Capitalisation by ₦653bn

June 30 () — The Nigerian Exchange (NGX) rebounded on Tuesday as renewed buying interest in blue-chip and consumer stocks lifted market capitalisation by ₦653 billion.

Market capitalisation rose from ₦146.564 trillion at the opening of trading to ₦147.217 trillion at the close, while the All-Share Index (ASI) advanced from 228,401.92 to 229,419.18, reflecting a gain of 1,017.26 points.

Despite the positive close, market breadth remained negative as 19 stocks appreciated, while 32 equities declined.

Top Gainers

1. CMFC, appreciated by 10.00 percent, (advancing from ₦3.80 to ₦4.18).
2. Prestige Assurance Plc, gained 10.00 percent, (rising from ₦1.40 to ₦1.54).
3. Airtel Africa Plc, appreciated by 10.00 percent, (climbing from ₦4,358.80 to ₦4,794.60).
4. Cutix Plc, added 9.70 percent, (increasing from ₦2.68 to ₦2.94).
5. Regency Alliance Insurance Plc (REGALINS), advanced 9.09 percent, (moving from ₦0.77 to ₦0.84).

Top Decliners

1. Custodian Investment Plc, shed 9.98 percent, (declining from ₦73.15 to ₦65.85).
2. PZ Cussons Nigeria Plc, fell 9.95 percent, (dropping from ₦94.95 to ₦85.50).
3. RT Briscoe Plc, lost 9.95 percent, (easing from ₦11.05 to ₦9.95).
4. UPDC Plc, depreciated by 9.86 percent, (slipping from ₦3.55 to ₦3.20).
5. Honeywell Flour Mills Plc (HONYFLOUR), declined 9.78 percent, (falling from ₦15.85 to ₦14.30).

Meanwhile, Seplat Energy Plc, Julius Berger Nigeria Plc, Nigerian Breweries Plc, Cadbury Nigeria Plc, Vitafoam Nigeria Plc, and Unity Bank Plc, among others, closed the session flat.