Home Business NGX Gains N411bn as Nigerian Equities Market Extends Bullish Run
Business

NGX Gains N411bn as Nigerian Equities Market Extends Bullish Run

Share
International Breweries, Zichis Agro Lead Gainers as NGX Trading Ends Mixed
Share

The Nigerian equities market closed higher on Tuesday, adding ₦411 billion in market value as gains in stocks including NASCON, Unilever Nigeria and HBMNG lifted investor sentiment.

Market capitalisation rose by 0.26 per cent to ₦159.667 trillion from ₦159.256 trillion in the previous session. The NGX All-Share Index gained 632.79 points to close at 245,911.13, compared with 245,278.34 recorded on Monday.

Market breadth remained positive, with 27 stocks advancing against 21 decliners, while the year-to-date market return reached 58.03 per cent.

AustinLaz led the gainers, rising 9.97 per cent to close at ₦3.53 per share. ABC Transport gained 9.92 per cent to ₦6.65, while Cutix advanced 9.91 per cent to ₦2.33. Thomas Wyatt rose 9.77 per cent to ₦2.92, and Caverton Business Solutions added 9.70 per cent to close at ₦4.50.

Livestock Feeds led the losers, falling 9.76 per cent to ₦17.10. Guinea Insurance declined 7.78 per cent to ₦0.83, NPF Microfinance Bank dropped 5.75 per cent to ₦4.10, Mutual Benefits lost 4.69 per cent to ₦3.05, and AIICO Insurance shed 3.00 per cent to ₦3.80.

See also US Resumes Intelligence Sharing With Ukraine as Zelenskyy Seeks Stronger Air Defence Support https://vistaonenews.com/2026/10/21/us-resumes-intelligence-sharing-with-ukraine-as-zelenskyy-seeks-stronger-air-defence-support/

Trading volume slipped by 0.18 per cent to 348.75 million shares from 349.40 million. However, transaction value increased by 43.54 per cent to ₦25.88 billion across 32,639 deals.

UBA led trading by volume, with 48.141 million shares worth ₦2.118 billion. Zenith Bank recorded trades worth ₦2.594 billion, while GTCO shares valued at ₦1.790 billion changed hands.

See also  Expert Urges Nigeria to Build Maritime Economy Around UTM FLNG Project
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

EU Opens Investigation into Booking.com Over Fake Listings and Fraud Risks

The European Commission has opened an investigation into Booking.com over concerns that...

Nigeria Customs Tests New Cargo Scanners, Tracking System in China to Boost Trade and Security

The Nigeria Customs Service (NCS) and Trade Modernisation Project Limited (TMPL) have...

BEDC Urges NUEE to End Strike, Warns Against Prolonged Hardship for Consumers

The management of BEDC Electricity Plc has urged the National Union of...

Einride Expands Nvidia Partnership to Test AI Reasoning Model in Self-Driving Trucks

Swedish autonomous trucking company Einride is expanding its partnership with Nvidia to...