The Nigerian Exchange Limited (NGX) reversed previous losses on Tuesday as the All-Share Index (ASI) advanced by 0.40 percent from 200,484.43 recorded on Monday to close at 201,287.78 points.
The positive close reflects renewed buying interest across key sectors following the previous session’s decline.
Equities market capitalisation increased from ₦128.69 trillion to ₦129.21 trillion, representing a gain of approximately ₦516 billion in investor wealth.
Market Activity
Trading activity strengthened as investors exchanged a total of 887.68 million shares valued at ₦35.56 billion in 53,436 deals, indicating improved market participation and liquidity.
Top Gainers
Market gains were driven by Multiverse Mining and Exploration Plc (MULTIVERSE), which rose by 9.88 percent from ₦16.70 to ₦18.35.
Other notable advancers include:
- International Energy Insurance Plc (INTENEGINS): +9.49% to ₦3.23
- Chams Holding Company Plc (CHAMS): +8.40% to ₦4.39
- MTN Nigeria Communications Plc (MTNN): +5.85% to ₦760.00
- Lotus Halal Equity ETF (LOTUSHAL15): +5.15% to ₦143.00
Top Losers
On the downside, NPF Microfinance Bank Plc (NPFMCRFBK) led the losers’ chart, shedding 10.00 percent to close at ₦6.30.
Other decliners include:
- Skyway Aviation Handling Company Plc (SKYAVN): -9.97% to ₦143.10
- Zichis Plc (ZICHIS): -9.96% to ₦13.65
- Mutual Benefits Assurance Plc (MBENEFIT): -9.91% to ₦4.09
- RT Briscoe Plc (RTBRISCOE): -9.90% to ₦9.65
Top Trades
Trading activity was dominated by banking and financial services stocks, with Wema Bank Plc leading the market with 184.13 million shares valued at ₦4.79 billion.
Other actively traded stocks include:
- VFD Group Plc: ₦1.19 billion
- NSL Tech Plc: ₦63.75 million
- Chams Holding Company Plc: ₦151.97 million
- Access Holdings Plc: ₦720.09 million
Fixed Income and ETF Market
The bond market remained stable, with major instruments such as ADBB2021S1, BUA2027S1, CP27NGNGS1C, DAN2032S2TC and FG112034S2 closing unchanged, reflecting steady demand in the fixed income segment.
The ETF segment recorded mixed performance. NEWGOLD gained ₦8,000.26 to close at ₦186,000.25, while GREENWETF rose by ₦114.10 to ₦1,290.00 and VETBANK advanced by ₦2.56 to ₦31.17. However, VETGOODS and VETGRIF30 declined by ₦6.22 and ₦10.44 respectively.
Market Outlook
The market’s rebound reflects renewed investor confidence following the previous session’s decline, supported by increased trading volume and value.
Sustained liquidity and selective accumulation in key equities suggest that investors are positioning ahead of macroeconomic developments and corporate earnings releases, while short-term volatility remains driven by profit-taking and sector rotation.