The Nigerian Exchange (NGX) All-Share Index sustained its upward momentum on Tuesday, with bullish trading activities dominating the local bourse for the second consecutive session this week.
According to official trading data, the benchmark index advanced by 0.23%, closing at 141,761.36 points, while overall market capitalization rose by ₦203.48 billion, settling at ₦89.69 trillion. This movement pushed the year-to-date (YTD) return to 37.73%.
Market analysts attributed the positive performance to strong buying interest in GTCO, INTBREW, and ZENITHBANK, although general trading activity reflected weaker sentiment compared to the previous session.
NGX figures showed that total trading volume climbed by 2.43%, reaching 585 million units, while transaction value closed at ₦12 billion across 27,667 deals. Despite a negative market breadth, investor appetite for medium- and large-cap equities drove the market’s uptrend.
On the activity chart, FCMB led in volume terms, contributing 14.81% of total trades. It was followed by VERITASKAP (11.36%), AIICO (6.00%), NSLTECH (4.53%), and MBENEFIT (3.90%). In value terms, WAPCO dominated transactions, accounting for 12.72% of the total.
The gainers’ chart was topped by NCR, which appreciated by 10.00%, followed by BERGER (+9.06%), BETAGLAS (+8.16%), CADBURY (+8.04%), SOVRENINS (+7.55%), and CHAMS (+6.92%), among others.
However, 33 equities declined, led by LEGENDINT, which lost 10.00%, trailed by CUTIX (-8.97%), FTNCOCOA (-7.29%), ELLAHLAKES (-3.16%), JAPAULGOLD (-1.75%), and WEMABANK (-0.43%).
Sectoral performance was largely positive, with banking stocks advancing +0.73%, consumer goods adding +0.48%, oil & gas up +0.48%, and industrials gaining +0.09%. Conversely, the insurance index shed 0.18%, while the commodities sector closed flat.
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