The Nigerian stock market sustained its positive trajectory on Tuesday, driven by strong buying interest that added N1.639 trillion to investor portfolios. Official records from the Nigerian Exchange Limited (NGX) indicate that the total market capitalisation climbed by 1.06 per cent, finishing at N154.484 trillion, up from the N152.845 trillion seen at the end of the previous session.
Mirroring this growth, the All-Share Index (ASI) climbed 2,524.00 points, or 1.06 per cent, reaching 240,743.19 compared to Monday’s 238,219.19 level. This performance pushed the market’s Year-to-Date (YTD) return to 54.71 per cent, with 33 companies recording price gains against 23 that faced losses.
Airtel Africa and Guinea Insurance headlined the list of gainers, both rising by 10 per cent to finish at N4,358.80 and N1.10 per share, respectively. On the downside, Red Star Express experienced the steepest drop, falling 9.96 per cent to N24.86, while Premier Paints followed with a 9.93 per cent dip to N30.40.
Trading volume also saw an uptick, with 564.9 million shares changing hands across 49,230 deals, worth a total of N39.35 billion. This marks an increase in activity compared to Monday, when 475.82 million shares were traded for N36.49 billion. Fidelity Bank led the volume chart with 59.37 million shares, while MTN Nigeria was the leader in value, contributing N8.02 billion to the total market turnover.
