The Nigerian Exchange (NGX) sustained its bullish momentum for the fourth consecutive session on Tuesday, with equities investors gaining N307.17 billion in market value.
The market rally, driven by renewed buy-side interest in mid- and large-cap stocks, lifted the NGX All-Share Index (ASI) by 488.73 points, or 0.45%, to close at 108,849.83. This latest uptick has brought the total value of gains in the past four sessions to approximately N1.92 trillion.
Trading activity also surged, with total volume and value of trades rising by 23.56% and 34.25%, respectively. According to Atlass Portfolios Limited, investors exchanged about 587.47 million shares worth ₦18.66 billion across 17,496 deals.
Guaranty Trust Holding Company (GTCO) led the trading charts in both volume and value, accounting for 16.88% and 35.26% of total trades, respectively. It was followed by Tantalizer, Fidelity Bank, Zenith Bank, and Nigerian Breweries in terms of volume.
On the gainers’ chart, MEYER Plc topped with a 10% increase, alongside strong performances from Beta Glass (+9.98%), TIP (+9.95%), Vitafoam (+9.94%), and Champion Breweries (+9.89%). In contrast, DEAP Capital declined by 10%, leading the laggards, followed by Veritas Kapital, Linkage Assurance, and others.
Market breadth remained largely positive, with 49 stocks advancing against 16 that declined. Sectoral performance was mixed: the banking (+2.12%), consumer goods (+2.11%), and industrial (+0.15%) sectors posted gains, while oil & gas (-0.18%) and insurance (-0.15%) dipped.
With the day’s rally, the NGX’s total market capitalisation rose to ₦68.41 trillion, consolidating investor optimism amid continued bullish sentiment.
