Nigeria’s equities market extended its positive run on Tuesday, with market capitalisation rising by about N297 billion as sustained buying interest lifted the benchmark index and several major stocks.
Market capitalisation increased 0.18 per cent to N162.68 trillion, while the NGX All-Share Index gained 457.86 points to close at 250,614.66. The advance extended the market’s recent rally, with the year-to-date return reaching about 61 per cent.
Trading activity also strengthened during the session. About 767.25 million shares changed hands, up from 574.19 million the previous day, while transaction value rose to N45.80 billion. Market breadth remained positive, with 36 stocks advancing against 26 decliners.
Sovereign Trust Insurance led the gainers, rising 9.95 per cent to N2.21, followed by CMFC, Neimeth International Pharmaceuticals and Cadbury Nigeria. Banking stocks also featured prominently among the actively traded counters.
Fidelity Bank recorded the highest volume of transactions, while Zenith Bank recorded trades valued at about N13.73 billion.
The latest gains underline continued investor appetite for Nigerian equities, although market movements remain sensitive to corporate earnings, interest rates, inflation, liquidity conditions and broader economic developments.
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