Trading on the Nigerian stock market sustained its positive momentum on Tuesday, with investors recording a gain of N1.639 trillion. The rally was driven by strong buying interest across key sectors, including insurance, banking, telecommunications, real estate, consumer goods and industrial stocks.
Market capitalisation rose by 1.06 per cent to close at N154.484 trillion, compared with N152.845 trillion recorded in the previous session.
Similarly, the All-Share Index (ASI) gained 2,524.00 points, or 1.06 per cent, to close at 240,743.19, up from 238,219.19 posted on Monday.
Consequently, the market’s Year-to-Date (YTD) return strengthened to 54.71 per cent, while market breadth closed positive with 33 gainers and 23 losers
Airtel Africa and Guinea Insurance topped the gainers’ chart by 10 per cent each, finishing at N4,358.80 and N1.10 per share respectively.
Also, International Energy Insurance grew by 9.89 per cent, settling at N6.11, Triple Gee soared by 9.82 per cent, closing at N3.69 and Cornerstone Insurance advanced by 9.76 per cent, ending the session at N6.75 per share.
On the other hand, Red Star Express led the losers’ chart by 9.96 per cent, finishing at N24.86, Premier Paints followed by 9.93 per cent, settling at N30.40 while Trans-Nationwide Express fell by 9.82 per cent, closing at N4.04 per share.
Royal Exchange declined by 9.38 per cent, ending the session at N1.45 and Abbey Mortgage Bank dipped by 9.29 per cent, closing at N8.30 per share.
A total of 564.9 million shares worth N39.35 billion were traded in 49,230 transactions, compared to 475.82 million shares valued at N36.49 billion that was exchanged across 63,567 deals earlier on Monday.
Fidelity Bank emerged as the most actively traded stock by volume, with 59.37 million shares exchanged, representing 10.51 per cent of the total volume traded.
Meanwhile, MTN Nigeria led the market by value, with transactions worth N8.02 billion, accounting for 20.40 per cent of the day’s total traded value.
