The Nigerian Exchange Limited (NGX) posted a notable gain in equities on Tuesday, with total market capitalization rising by N469 billion (0.46 percent) to close at N102.275 trillion. This increase was driven by sustained investor interest in the exchange’s listed stocks. The All‑Share Index also climbed 0.46 percent, gaining 732.86 points to finish at 159,951.08, up from 159,218.22 on Monday.
A total of 65 stocks recorded gains while 21 declined, indicating positive market breadth. Meyer and Jaiz Bank led the gainers, each appreciating 10 percent and closing at N14.30 and N5.28 per share, respectively. They were followed by ABC Transport, Austinlaz and Multiverse Mining. Conversely, Aluminium Extrusion Industries topped the losers’ list with a 9.96 percent drop, followed by Learn Africa, Oando, United Bank for Africa and Access Corporation.
Market activity analysis showed a 4 percent decline in the number of deals, alongside a 9 percent rise in traded volume and a 7 percent increase in transaction value. A total of 758.9 million shares worth N19.8 billion were exchanged in 54,212 transactions, compared with 695.6 million shares valued at N18.6 billion traded in 56,632 deals on Monday. Linkage Assurance recorded the highest trading volume, with 51.63 million shares (6.80 percent of total volume). Guaranty Trust Holding Company led in value traded, accounting for N2.04 billion or 10.24 percent of the day’s total.
The Nigerian stock market’s positive performance reflects the country’s growing economy and the attractiveness of its equities to investors. The NGX has recently experienced a surge in trading activity as investors seek to tap into Nigeria’s market potential. As the market continues to expand, it is expected to play a significant role in the nation’s economic development, providing businesses with capital‑raising opportunities and investors with returns. With the year‑to‑date return boosted by the recent gain, investors are likely to remain optimistic about the market’s prospects.
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