The Nigerian equities market sustained its bullish run on Tuesday, delivering a robust ₦469 billion gain to investors as intense buying interest swept across key stocks.
Market at a Glance
The rally was powered by significant advancements in 65 equities, pushing the overall market capitalization up by 0.46% to close at an impressive ₦102.275 trillion (from Monday’s ₦101.806 trillion). The All-Share Index mirrored this success, adding 732.86 points to settle at 159,951.08.
The rally was powered by significant advancements in 65 equities, pushing the overall market capitalization up by 0.46% to close at an impressive ₦102.275 trillion (from Monday’s ₦101.806 trillion). The All-Share Index mirrored this success, adding 732.86 points to settle at 159,951.08.
Top Gainers and Losers
Market breadth closed positively, with gainers overwhelming losers 65 to 21. Meyer and Jaiz Bank led the charge with a maximum 10% gain each, closing at ₦14.30 and ₦5.28 per share, respectively. They were closely followed by ABC Transport, Austinlaz, and Multiverse Mining.
Market breadth closed positively, with gainers overwhelming losers 65 to 21. Meyer and Jaiz Bank led the charge with a maximum 10% gain each, closing at ₦14.30 and ₦5.28 per share, respectively. They were closely followed by ABC Transport, Austinlaz, and Multiverse Mining.
Conversely, top losers included Aluminium Extrusion Industries (-9.96%), Learn Africa(-9.16%), and banking giants United Bank for Africa (UBA) (-6.22%) and Access Corporation (-6%).
Activity Metrics
While the number of deals saw a slight decline, traded volume and value surged, underscoring the market’s high liquidity:
While the number of deals saw a slight decline, traded volume and value surged, underscoring the market’s high liquidity:
- Volume Traded: Grew by 9% (758.9 million shares traded).
- Value Traded: Increased by 7% (₦19.8 billion worth of shares traded).
Linkage Assurance commanded the highest volume of trade with 51.63 million shares, while Guaranty Trust Holding Company (GTCO)recorded the highest value traded at ₦2.04 billion. The positive close indicates strong investor confidence as the market enters the 2026 work year.