The Nigerian Exchange Limited (NGX) closed higher on Tuesday as the All-Share Index (ASI) advanced from 201,698.89 recorded at the end of the previous trading session to 202,023.10 points.
The positive performance pushed equities market capitalisation higher from ₦129.81 trillion to ₦130.01 trillion, translating to an increase of approximately ₦205 billion in investor wealth.
Market Activity
Trading activity strengthened significantly as investors exchanged a total of 1.15 billion shares valued at ₦40.28 billion in 78,006 deals, indicating robust market participation and improved liquidity.
Top Gainers
Gains were driven by Trans-Nationwide Express Plc (TRANSEXPR), which rose by 9.86 percent from ₦2.84 to ₦3.12.
Other notable advancers include:
- Omatek Ventures Plc (OMATEK): +9.76% to ₦2.25
- Cadbury Nigeria Plc (CADBURY): +9.53% to ₦75.25
- FirstHoldCo Plc (FIRSTHOLDCO): +9.10% to ₦54.55
- FTN Cocoa Processors Plc (FTGINSURE): +6.50% to ₦1.31
Top Losers
On the downside, Ellah Lakes Plc (ELLAHLAKES) led the losers’ chart, declining by 10.00 percent to ₦10.80.
Other decliners include:
- DAAR Communications Plc (DAARCOMM): -9.95% to ₦1.72
- Chams Holding Company Plc (CHAMS): -9.87% to ₦3.38
- John Holt Plc (JOHNHOLT): -9.71% to ₦13.95
- SUNU Assurances Nigeria Plc (SUNUASSUR): -9.68% to ₦4.20
Top Trades
Trading activity was dominated by banking and financial stocks, with Wema Bank Plc leading with 282.58 million shares valued at ₦7.29 billion.
Other actively traded stocks include:
- Access Holdings Plc: ₦3.25 billion
- VFD Group Plc: ₦1.13 billion
- FirstHoldCo Plc: ₦3.19 billion
- Guaranty Trust Holding Company Plc (GTCO): ₦7.05 billion
Fixed Income and ETF Market
The bond market remained largely stable, with instruments such as ADV2028S1A, DAN2028S1TC, DIF2032S1TB, FG162049S2 and FG172050S2 closing unchanged.
The ETF segment recorded gains across major instruments. NEWGOLD rose by ₦6,889.00 to close at ₦177,000.00, while STANBICETF30 advanced by ₦269.00. GREENWETF, VSPBONDETF and VETGOODS also recorded gains, reflecting sustained investor interest in diversified asset classes.
Market Outlook
The market’s positive close reflects continued investor confidence supported by strong liquidity and increased participation in financial stocks.
With trading volume surpassing 1 billion shares, the market appears to be gaining momentum. However, mixed performance across sectors suggests investors remain selective, balancing accumulation with profit-taking as they monitor macroeconomic developments and corporate earnings outlook.
