The Nigerian Exchange (NGX) closed Tuesday’s session on a negative note as the All-Share Index (ASI) dipped by 0.08%, settling at 141,546.78 points compared to 141,659.0 points recorded previously.
Market capitalization also declined slightly, shedding about ₦70 billion to close at ₦89.55 trillion. Trading activity slowed, with investors exchanging 414.98 million shares, down from 555.11 million shares in the prior session.
Market Movers
Top Gainer: Custodian Investment Plc (CUSTODIAN) rose 9.94%, leading the gainers’ chart, followed by Multiverse Energy (+9.68%), Eunisell Interlinked (+9.45%), eTranzact (+9.45%), and Union Dicon Salt (+8.42%).
Top Loser: Austin Laz & Co. shed 6.27%, with other major laggards including Deap Capital (−5.56%), FTN Cocoa (−4.84%), Regal Insurance (−4.40%), and Champion Breweries (−4.26%).
Trading Highlights
GTCO topped the activity chart by volume with 32.8 million shares and also led in value with ₦3.1 billion worth of trades.
Other actively traded stocks included NSLTECH (32.4 million shares), UBA, Chams, and Regal Insurance.
On the value side, MTN Nigeria, Zenith Bank, UBA, and Guinness joined GTCO among the top five.
Market Outlook
The decline reflects a cautious trading mood as investors continue to adjust positions amid market corrections. While blue-chip stocks saw mixed performances, mid-tier companies like Custodian and Multiverse attracted strong investor interest, boosting their share prices.
