The Nigerian Exchange Limited (NGX) maintained its positive trajectory for the second consecutive session on Tuesday, building on Monday’s ₦786 billion advance.
Sustained interest in insurance, diversified holdings, and technology-driven equities kept market sentiment upbeat as investors continued rotating funds toward high-momentum counters.
The All-Share Index (ASI) gained 0.12 percent to close at 144,995.26 points, while overall market capitalization increased by ₦110.0 billion to ₦92.03 trillion from ₦91.92 trillion the previous day.
Market Activity and Liquidity
Investor activity moderated slightly from the previous session, though participation remained strong.
The Exchange recorded 507.41 million shares worth ₦24.29 billion traded across 30,681 deals, compared with 519.92 million shares valued at ₦14.55 billion in 35,490 deals on Monday.
The day’s liquidity was driven by heavy trading in Access Holdings, Ellah Lakes, Chams Holdings, Sovereign Insurance, and Aradel Holdings, reflecting cross-sector interest in financial, agribusiness, and energy plays.
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Access Holdings Plc led with 45.86 million shares worth ₦1.20 billion,
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Ellah Lakes Plc followed with 39.49 million shares valued at ₦594.31 million,
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while Aradel Holdings Plc posted the highest value turnover of ₦13.16 billion, despite a relatively modest volume.
Top Gainers: Insurance and Diversified Stocks Lead Advance
The session’s upward momentum was powered by sustained bargain-hunting in mid-tier and insurance equities.
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Cornerstone Insurance Plc rallied 9.92 percent to ₦6.65, extending its leadership streak from last week’s strong showing.
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Consolidated Hallmark Holdings Plc advanced 9.52 percent to ₦4.37, driven by renewed investor appetite in the financial-services sector.
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Chams Holdings Plc climbed 9.22 percent to ₦4.62, reflecting consistent confidence in technology and digital infrastructure plays.
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VFD Group Plc gained 9.17 percent to ₦11.90, consolidating its recent rebound,
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while International Energy Insurance Plc rose 8.82 percent to ₦2.96, recovering from Monday’s decline.
The broad-based nature of the gainers indicates continued capital inflows into growth-oriented and resilient financial stocks.
Top Losers: Profit-Taking Returns to Select Counters
Despite the general bullish tone, sell pressure resurfaced in a few high-fliers.
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FGSUK 2031 S4 led the laggards, sliding 36.97 percent to ₦75.00, likely reflecting price adjustments in fixed-income-linked instruments.
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LivingTrust Mortgage Bank Plc dropped 10.00 percent to ₦5.94,
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Austin Laz & Co. Plc fell 9.74 percent to ₦3.15,
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Juli Plc shed 9.60 percent to ₦8.95, and
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Livestock Feeds Plc declined 7.50 percent to ₦7.40.
These losses underscore intermittent profit-taking and mild sector rotation toward undervalued names.
ETFs and Bonds: Green Momentum Sustained
The Exchange-Traded Products (ETP) segment closed largely positive, echoing the equities market’s tone.
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VSPBond ETF appreciated by ₦14.00 (+6.80%) to ₦220.00,
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VET GRIF 30 rose ₦0.45 to ₦52.50,
while other ETFs, including VET Goods and VET Industrial, closed flat, signaling portfolio rebalancing toward select instruments.
In the fixed-income market, all five listed bonds — AXA 2027 S1, CEMC 2045 S1, DAN 2034 S1, FG 182032 S2, and FG 202033 S6 — traded unchanged, highlighting a cautious approach among bond investors amid rising equity returns.
Market Outlook
Tuesday’s mild advance confirms that the NGX remains in a consolidation phase following last week’s strong rally.
The market’s resilience above the 144,000-point threshold suggests that sentiment remains broadly constructive, driven by corporate re-entries, sustained institutional positioning in high-yield stocks, and growing optimism across banking and insurance sectors.
Analysts at Naijaonpoint note that while the positive trajectory is likely to persist, profit-taking and rotational movements may introduce short-term volatility as investors await upcoming third-quarter earnings releases.