The Nigerian Exchange (NGX) sustained its bullish momentum on Tuesday, with market capitalisation rising by N92 billion, driven largely by renewed investor interest in insurance stocks.
At the close of trading, the market capitalisation settled at N92 trillion, while the All-Share Index gained 172.48 points, or 0.12 per cent, to end at 144,995.26. This extends the market’s week-to-date gain to 1.84 per cent, four-week advance to 4.02 per cent, and year-to-date growth to an impressive 40.87 per cent.
Trading data showed that investors exchanged 507.4 million shares valued at N24.28 billion across 30,665 deals—representing a 2 per cent dip in volume, a 67 per cent jump in value, and a 14 per cent decline in the number of transactions compared to the previous session.
Out of 127 listed equities that traded, 38 gained while 35 declined. Cornerstone Insurance topped the gainers’ chart with a 9.92 per cent increase to close at N6.65 per share. Consolidated Hallmark Holdings followed with a 9.52 per cent rise, while Chams and VFD Group appreciated by 9.22 per cent and 9.17 per cent, respectively.
On the flip side, Livingtrust Mortgage Bank led the laggards with a 10 per cent drop to N5.94 per share. Austin Laz and Company fell 9.74 per cent, Juli declined 9.6 per cent, and Livestock Feeds lost 7.5 per cent.
Access Holdings emerged as the most traded stock by volume, with 45.9 million shares worth N1.19 billion. It was followed by Ellah Lakes (39.5 million shares), Chams (30.8 million shares), and Sovereign Trust Insurance (27.8 million shares).
By value, Aradel Holdings dominated trading with transactions totaling N13.16 billion, trailed by Dangote Cement (N1.57 billion), Access Holdings (N1.19 billion), Lafarge Africa (N644.66 million), and Ellah Lakes (N594.31 million).
Sectoral performance was largely positive, with the Insurance Index rising 1.98 per cent, the Premium Index up 1.06 per cent, and the Industrial Index gaining 0.69 per cent. The Consumer Goods Index also edged higher by 0.26 per cent.
The upbeat session follows Monday’s rally, when market capitalisation soared by N786 billion to close at N91.9 trillion, underscoring sustained investor optimism in the Nigerian equities market.
