Nigeria stock market extends gain with 0.53% surge in the All-Share Index on Tuesday

Today, the Nigerian stock market NGX All-Share Index increased by 0.53% compared to yesterday’s session, closing at 98,383.04 points. The market saw continued interest in blue-chip stocks such as GTCO (+0.66%), ZENITHBANK (+2.11%), and FBNH (+4.27%), leading to a positive performance. Consequently, the ASI year-to-date return climbed to 31.57%, and the market capitalization rose by ₦294.12bn to end at ₦55.65trn.

Analysis of today’s market activities revealed a higher trade turnover compared to the previous session, with transaction value increasing by 10.85%. A total of 559.61m shares valued at ₦6.58bn were traded in 7,990 deals. ABBEYBDS (+0.00%) recorded the highest volume with 277.53m units traded, while SEPLAT (+3.33%) led in terms of value with transactions worth ₦1.60bn.

Market breadth closed positively with advancing issues outnumbering declining ones at a ratio of 2.08-to-1. DANGSUGAR (+10.00%) was the top gainer among twenty-six (26) others, while SOVREVNINS (-9.52%) led twelve (12) decliners.