The Nigerian stock market maintained its bullish run on Tuesday, adding N332 billion to investors’ portfolios as trading closed on a positive note at the Nigerian Exchange Limited (NGX).
The market capitalization rose by 0.31 percent, closing at N106.494 trillion, up from N106.162 trillion recorded at the previous session. The All-Share Index (ASI) gained 516.93 points, or 0.31 percent, to close at 165,901.57, compared with 165,384.64 in the prior session.
Investor sentiment remained upbeat, with 35 stocks advancing against 34 decliners. Industrial and Medical Gases, Union Dicon Salt, Zichis Agro Allied Industries, and Austinlaz led the gainers, each rising 10 percent to close at ₦34.65, ₦9.90, ₦5.06, and ₦4.07 per share, respectively. RT Briscoe also recorded notable gains.
On the other hand, Cutix and Omatek Ventures topped the losers’ chart, each dropping 10 percent to ₦3.15 and ₦2.43 per share. Union Homes Real Estate Investment Trust followed closely with a 9.95 percent decline.
A total of 736.4 million shares valued at ₦24.7 billion changed hands in 46,026 deals, compared with 762.8 million shares worth ₦18.4 billion traded in 55,374 transactions in the previous session. This reflects a 3.45 percent drop in volume, a 17 percent decline in deals, but a 29 percent increase in transaction value.
GTCO emerged as the most actively traded stock, with 65.90 million shares worth ₦6.53 billion, accounting for 8.95 percent of total market volume and 26.47 percent of the day’s overall value.
