The Nigerian Exchange (NGX) continued its upward trend on Tuesday, with investors recording significant gains as the market capitalisation increased by N480.15 billion amid sustained buying interest across key sectors.
At the close of trading, the All-Share Index (ASI) advanced by 0.31 per cent to 244,455.70 points, while market capitalisation rose to N156.79 trillion.
Trading activity was markedly stronger than the previous session, with investors exchanging 1.20 billion shares valued at N51.35 billion in 56,880 deals. Compared to Monday’s trading, volume surged by 104 per cent and turnover increased by 110 per cent, although the number of deals declined by 22 per cent.
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Market sentiment remained positive, as 33 stocks recorded gains against 32 losers at the close of trading.
Among the top gainers, AIRTELAFRI appreciated by 10.00 per cent to close at N4,021.20 per share. INTENEGINS gained 9.90 per cent, while ABBEYBDS rose by 9.76 per cent.
On the losers’ chart, LEARNAFRCA led with a 10.00 per cent decline to close at N9.45 per share. Other notable decliners included NAHCO, FIDSON and GUINNESS.
STERLINGNG emerged as the most traded stock by volume, with more than 714 million shares exchanged during the session, while ARADEL recorded the highest value of trades.
Sector performance showed continued resilience across major segments of the market. The NGX Banking Index and NGX Pension Index posted gains, while the NGX Oil and Gas Index recorded slight profit-taking.
Analysts say the positive market performance reflects sustained investor confidence and growing interest in equities despite prevailing economic challenges.
