The Nigerian stock market maintained its upward trajectory on Tuesday, with investors’ wealth rising by N126 billion, marking a 0.12% increase.
Market capitalization on the Nigerian Exchange (NGX) climbed to N106.088 trillion at the close of trading, up from N105.962 trillion in the previous session.
Similarly, the All-Share Index (ASI) gained 0.12%, adding 196.26 points to finish at 165,713.82, compared with 165,517.56 previously.
The positive momentum was mainly fueled by renewed buying interest in medium- and large-cap stocks, including Union Homes Real Estate, SCOA, Deap Capital Management, Morison, and RT Briscoe, among others.
Market breadth ended on a positive note, with 33 stocks advancing against 26 declining.
Union Homes Real Estate Investment, SCOA, and Deap Capital Management led the gainers, each rising 9.94% to close at N86.25, N28.75, and N8.63 per share, respectively.
On the downside, Austinlaz topped the losers, dropping 9.96% to close at N4.34. It was followed by Neimeth International Pharmaceutical, Prestige Assurance, Africa Prudential, and Veritas Kapital.
Trading activity showed mixed results: total volume fell by 20%, the number of deals declined by 29%, but transaction value rose slightly by 0.43%.
A total of 483.09 million shares worth N17.4 billion changed hands across 41,499 deals, compared with 601.6 million shares valued at N17.3 billion exchanged in 58,429 transactions in the previous session.
Access Corporation recorded the highest trading volume, with 26.46 million shares, representing 5.48% of the total traded volume. Meanwhile, Guaranty Trust Holding Company was the most traded by value for the second consecutive session, with transactions worth N2.49 billion, accounting for 14.33% of the day’s total value.