By Taiye Olayemi

The Nigerian stock market continued on a bullish trend on Tuesday, gaining N226 billion.

The positive trend was driven by strong buying interest in medium and large-capitalised stocks, including: Omatek, NGX Group, Neimeth International Pharmaceutical, Champion Breweries and 54 others.

Market capitalisation rose by N226 billion or 0.30 per cent, closing at N76.758 trillion when compared to N76.532 trillion recorded on Monday.

Similarly, the All-Share Index (ASI) climbed 358.60 points or 0.30 per cent, reaching 121,653.93 from 121,295.33 recorded earlier.

Also, the market breadth closed positive with 58 gainers and 21 losers.

On the gainers’ chart, Cileasing rose by 10 per cent, closing at N6.60 while Champion Breweries also grew by 10 per cent, finishing at N14.96 per share.

Omatek soared by 10 per cent, ending the session at N1.10 and NGX Group also increased by 10 per cent, finishing at N56.10 per share.

Also, Neimeth International Pharmaceutical gained by 9.95 per cent, closing at N9.50 per share.

On the losers’ chart, Deap Capital fell by 10 per cent, finishing at N1.17 whole ETranzact dropped by 9.55 per cent, settling at N9 per share.

Northern Nigeria Flour Mills lost by 9.17 per cent, ending the session at N98.10 and Sunu Assurances shed by 6.22 per cent, closing at N4.27 per share.

Similarly, VFD Group declined by 6 16 per cent, settling at N13.70 per share.

One billion shares worth N19.48 billion were exchanged across 24,770 transactions, which is in contrast with 824.1 million shares valued N14.4 billion that was exchanged across N24,042 deals.

Transactions in the shares of Access Corporation topped the activity chart with 124.25 million shares worth N2.74 billion.

Ja Paul Gold followed with 123 million shares valued at N340.92 million while Mutual Benefits Assurance transacted 55.6 million shares worth N77.7 million.

Universal Insurance sold 54.59 million shares valued at N38.3 million and AIICO Insurance traded 40.44 million shares worth N70.8 million. (NAN) (www.nannews.ng)

Edited Olawunmi Ashafa