The Nigerian equities market on Tuesday sustained its positive momentum on a bullish note as renewed investor interest lifted the market up by N109 billion.
The Nigerian Exchanghe Limited All Share Index (NGX ASI) gained by 172.48 points, representing a growth of 0.12 per cent to close at 144,995.26 points. Also, market capitalisation gained N109 billion to close at N 92.031 trillion.
Investor sentiment remained upbeat, with market breadth closing positive as 39 stocks gained against 34 decliners. Cornerstone Insurance recorded the highest price gain of 10 per cent to close at N6.65, per share. Consolidated Hallmark Holdings followed with a gain of 9.52 per cent to close at N4.37, while Chams Holding Company rose by 9.22 per cent to close at N4.62, per share.
VFD Group up by 9.17 per cent to close at N11.90, while International Energy Insurance appreciated by 8.82 per cent to close at N2.96, per share.
On the other hand, LivingTrust Mortgage Bank led the losers’ chart by 10 per cent to close at N5.94, per share. Austin Laz & Company followed with a decline of 9.74 per cent to close at N3.15, while Juli declined by 9.60 per cent to close at N8.95, per share.
Livestock Feeds depreciated by 7.50 per cent to close at N7.40, while Tantalizer declined by 6.45 per cent to close at N2.32, per share.
Meanwhile, the total volume traded decreased by 2.41 per cent to 507.408 million units, valued at N24.288 billion, and exchanged in 30,681 deals. Transactions in the shares of Access Holdings topped the activity chart with 45.861 million shares valued at N1.198 billion. Ellah Lakes followed with 39.488 million shares worth N594.310 million, while Chams Holding Company traded 30.821 million shares valued at N140.165 million.
Sovereign Trust Insurance traded 27.790 million shares valued at N86.688 million, while Aradel Holdings sold 22.576 million shares worth N13.159 billion.
On market outlook, Imperial Asset Managers Limited stated, “we expect activities on the equity market to remain mixed, largely dictated by bargain hunting acts ahead of Q3 2025 earnings releases. Meanwhile, tendency for profit taking acts to come up looms high, amid the recorded seven trading days’ consecutive winning performance.”
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