The Nigerian Exchange (NGX) closed higher on Tuesday as renewed demand for financial and mid-cap stocks lifted the benchmark index, extending the market’s year-end rally.
The NGX All-Share Index (ASI) rose by 0.59% to close at 153,354.13 points, while equity market capitalisation increased to ₦97.77 trillion, reflecting sustained investor confidence.
Market Activity Overview
Trading activity improved during the session. A total of 677.43 million shares valued at ₦20.78 billion were exchanged in 27,589 deals.
The bond market capitalisation closed at ₦51.56 trillion, while exchange-traded funds (ETFs) ended the day with a combined market value of ₦42.77 billion.
Top Gainers
Gains were driven by financial, industrial, and fixed-income-linked instruments:
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FGS UK 2031 Series 4 surged 11.16% to close at ₦88.93
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Alexis Plc gained 9.96% to ₦14.90
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Austin Laz & Company Plc rose 9.81% to ₦2.91
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Custodian Investment Plc advanced 9.69% to ₦38.50
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First HoldCo Plc added 9.35% to close at ₦50.30
Top Losers
Losses were recorded mainly in insurance, consumer, and energy-linked stocks:
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Royal Exchange Plc declined 7.22% to ₦1.80
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Champion Breweries Plc fell 6.57% to ₦15.65
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NASCON Allied Industries Plc dropped 5.36% to ₦105.05
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Sovereign Trust Insurance Plc shed 5.28% to ₦3.77
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Japaul Gold & Ventures Plc lost 4.51% to ₦2.33
Most Actively Traded Stocks (By Volume)
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VFD Group Plc led trading with 191.97 million shares, valued at ₦2.07 billion
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Guaranty Trust Holding Company Plc followed with 63.45 million shares worth ₦5.59 billion
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Access Holdings Plc recorded 49.77 million shares, valued at ₦1.02 billion
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First HoldCo Plc traded 45.81 million shares worth ₦2.25 billion
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Nigerian Exchange Technology Plc posted 39.33 million shares, valued at ₦28.35 million
Bonds Market
The fixed-income segment closed flat, with major instruments ending unchanged:
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AXA 2027 Series 1
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CEMC 2045 Series 1
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Dangote 2034 Series 1
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FGN 2032 Series 2
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FGN 2033 Series 6
All instruments closed at par.
ETF Market Performance
ETFs recorded mixed movements during the session:
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SIAML ETF 40 gained ₦98.20 to close at ₦1,361.00
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VSP Bond ETF rose ₦2.80 to ₦217.80
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Vetiva Industrial ETF, Vetiva Consumer Goods ETF, and MERI Value ETF closed unchanged
Market Outlook
The continued advance in the benchmark index reflects sustained accumulation in financial stocks and selective interest in mid-cap names. With year-end positioning ongoing, market sentiment is expected to remain positive, though selective, as investors rebalance portfolios ahead of the new trading year.