The Nigerian equities market posted a notable gain on Tuesday, with investors adding N469 billion in value. This rise was driven by sustained buying interest in key stocks such as Meyer, Jaiz Bank, ABC Transport, Austinlaz and Multiverse Mining, among 60 other advancing equities. Market capitalisation, which opened at N101.806 trillion, increased by N469 billion (0.46 %) to close at N102.275 trillion. The All‑Share Index mirrored this performance, climbing 0.46 % (732.86 points) to finish at 159,951.08, up from 159,218.22 on Monday.
The positive momentum improved the year‑to‑date return, with market breadth ending in the green: 65 gainers outpaced 21 losers. Meyer and Jaiz Bank led the gainers, each rising 10 % to close at N14.30 and N5.28 per share, respectively. ABC Transport advanced 9.98 % to N4.96, while Austinlaz and Multiverse Mining each gained 9.94 % to finish at N5.64 and N17.70 per share. Conversely, Aluminium Extrusion Industries fell 9.96 % to N21.70, Learn Africa dropped 9.16 % to N5.95, and Oando slipped 7.69 % to N40.80 per share.
Trading activity showed a four‑percent decline in the number of deals, alongside a nine‑percent rise in traded volume and a seven‑percent increase in value. A total of 758.9 million shares worth N19.8 billion were exchanged across 54,212 transactions, compared with 695.6 million shares worth N18.6 billion in 56,632 deals on Monday. Linkage Assurance recorded the highest volume, trading 51.63 million shares (6.80 % of total volume), while Guaranty Trust Holding Company logged the highest value traded at N2.04 billion (10.24 % of total value).
This upbeat performance signals growing investor confidence in the Nigerian equities market. As buying interest remains robust, the year‑to‑date return is likely to keep improving. The market’s capacity to attract investors and facilitate trade is essential for the broader economy, making this recent gain a positive indicator for the country’s financial sector.
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