NGX sustains positive momentum, investors gained N1.66 trillion

The Nigerian equities market sustained bullish momentum on Tuesday, extending gains to 18 straight days as investors continued to reposition across key sectors.

Buying interest was broad-based, spanning banking, insurance, Telecom and energy stocks, underscoring growing confidence in the short, medium-term market outlook. The positive tone was further supported by improved liquidity and rising transaction volumes, signaling stronger participation from both institutional and retail players.

The All Share Index grew by 1.54% to close at 165,836.96 points from the previous close of 163,244.69 points.

The Market Capitalisation appreciated by 1.54% to close at N106.182 trillion from the previous close of N104.521 trillion, thereby adding N1.661 trillion.

An aggregate of 1.1 billion units of shares were traded in 49,216 deals, valued at N33.5 billion.

The Market Breadth closed positive as 55 equities emerged as gainers against 13 equities that declined in their share prices.

Percentage Gainers

DEAPCAP, CAVERTON, MTN Nigeria, PZ and ETRANZACT led other gainers with 10.00% growth each to close above their previous close.

ELLAHLAKE, NCR and MCNICHOLS among other gainers also grew their share prices by 9.97%, 9.95% and 9.92% respectively.

Percentage Losers

Universal Insurance led other price decliners as it shed 6.25% of its share price to close at N1.20 from the previous close of N1.28.

Prestige Assurance and Regency Alliance among other price decliners also shed their share prices by 5.81% and 5.17% respectively.

Volume Drivers

Sovereign Trust Insurance traded about 344 million units of its shares in 154 deals, valued at N1.1 billion.

ACCESSCORP traded about 86 million units of its shares in 1982 deals, valued at N1.98 billion.

ETRANZACT traded about 61 million units of its shares in 63 deals, valued at N1.1 billion.