The Nigerian Exchange (NGX) extended its positive momentum on Tuesday, with investors netting N76.76 billion in market capitalization amid renewed buying interest across key sectors.
At the close of trading, the All-Share Index (ASI) rose by 358.60 points, or 0.30%, to finish at 121,653.93 basis points, up from the previous 121,295.33. The overall market capitalization increased to N76.76 trillion, from N76.53 trillion in the prior session.
The latest performance reflects a weekly gain of 1.6%, a four-week gain of 6.14%, and an impressive year-to-date return of 18.2%, reinforcing investor confidence in the market.
Out of the 126 equities traded on the day, 57 recorded price gains, while 21 declined, indicating strong market breadth in favour of the bulls.
Top Gainers
• Nigerian Exchange Group Plc topped the gainers’ chart with a 10.00% increase, closing at N56.10 per share.
• Champion Breweries Plc, C & I Leasing Plc, and Omatek Ventures Plc each gained 10.00%, closing at N14.96, N6.60, and N1.10, respectively.
• Neimeth International Pharmaceuticals Plc rose by 9.95% to N9.50, while Meyer Plc climbed 9.94% to settle at N17.70.
Top Losers
• E-Tranzact International Plc led the laggards with a 10.45% drop to N9.00 per share.
• Deap Capital Management and Trust Plc shed 10.00% to close at N1.17.
• Northern Nigeria Flour Mills Plc fell 9.17% to N98.10, while Cornerstone Insurance Plc declined 6.67% to N4.20.
• SUNU Assurances Nigeria Plc lost 6.22%, ending at N4.22, and VFD Group Plc dipped 6.16% to N13.70.
Market Activity
Trading activity remained upbeat with:
• 1.01 billion shares exchanged in 24,770 deals, valued at N18.68 billion.
• This marks a 22% increase in volume, 29% rise in turnover, and a 3% uptick in deal count compared to the previous session.
Access Holdings Plc led the activity chart by volume and value, trading 124.25 million shares worth N2.74 billion. It was followed by:
• Japaul Gold & Ventures Plc: 123.08 million shares at N340.91 million
• Mutual Benefits Assurance Plc: 55.56 million shares at N77.75 million
• Universal Insurance Plc: 54.60 million shares at N38.27 million
• AIICO Insurance Plc: 40.44 million shares at N70.83 million
On the value chart, Guaranty Trust Holding Company Plc topped with N2.86 billion in trades, followed by Access Holdings Plc (N2.74bn), MTN Nigeria Communications Plc (N2.67bn), Zenith Bank Plc (N983.69m), and Okomu Oil Palm Company Plc (N572.32m).
Sector Performance
The bullish sentiment extended across sectors:
• Insurance Index: +2.54%
• Banking Index: +1.14%
• Consumer Goods Index: +0.63%
• Pension Index: +0.56%
• Main Board Index: +0.37%
• Top 30 Index: +0.22%
The sustained positive performance highlights investor optimism, with analysts attributing the rally to strong corporate earnings prospects, sectoral reforms, and increased domestic participation in the equities market.
