The Nigerian stock market sustained its upward momentum on Tuesday as MTN Nigeria and several other equities hit the 10% daily price limit, keeping the NGX All-Share Index (ASI) above the 165,000-point level.
The ASI advanced by about 2,593 points to close near 165,837, lifting total market capitalization to approximately ₦106.1 trillion amid strong investor demand.
MTN Nigeria led the gainers alongside DEAP Capital, Caverton, eTranzact, and PZ Cussons, all recording maximum daily gains. Trading activity remained robust, with MTN topping the value chart, while Sovereign Trust Insurance led volumes.
Meanwhile, Universal Insurance and Prestige Assurance posted modest losses due to profit-taking in select stocks. Visit www.jocomms.com for more news.