The Nigerian stock market on Tuesday closed on a positive note to mark the first trading day under the new government in the country led by President Bola Ahmed Tinubu.

The All Share Index grew by 5.22% to close at 55,738.35 points from the previous close of 52,973.88 points last Friday.

The Market Capitalisation hits N30.350 trillion at the close of trade, up by 5.22% away from the previous close of N28.845 trillion.

Aggregate volume of traded stocks closed at 1.078 billion units, valued at N15.799 billion in 9,916 deals.

Market Breadth

Market breadth closed positive with 64 gainers against 12 losers.

Percentage Gainers

Jaiz Bank, Nigerian Breweries, Eterna Oil, Transcorp Hotel, FCMB, Zenith Bank, Sterling Bank and DEAPCAP with 10% growth each led the gainers’ chart.

African Prudential, Con Oil and GLAXOSMITH grew 9.91%, 9.91% and 9.87% respectively of their share prices among other gainers.

Percentage Losers

Ikeja Hotel led other percentage losers, shedding 10.00% of its share price to close at N2.16 from the previous close of N2.40

NCR and Tantalizer among other price decliners shed 9.80% and 8.00% respectively.

Volume Drivers

ACCESSCORP traded about 199.6 million units of its shares in 963 deals valued at N2.45 billion

FBNH traded about 127.9 million units of its shares in 213 deals, valued at N1.75 billion

UBA traded about 81.99 million units of its shares in 542 deals, valued at N831 million