Nigeria’s stock market extended its rally on Tuesday as investor appetite stayed firmly bullish, lifting wealth on the exchange by N1.639 trillion. Figures from the Nigerian Exchange Limited showed market capitalisation rose by 1.06% to end the day at N154.484 trillion, up from N152.845 trillion in the prior session. The All-Share Index also climbed, gaining 2,524.00 points—equivalent to another 1.06%—to close at 240,743.19 compared with 238,219.19 recorded on Monday.
With the latest advance, the market’s year-to-date performance improved to 54.71%. Trading breadth finished in positive territory, with 33 stocks rising against 23 that fell. Among the standout gainers, Airtel Africa and Guinea Insurance each added 10%, closing at N4,358.80 and N1.10 per share, respectively. On the downside, Red Star Express was the weakest performer, dropping 9.96% to settle at N24.86, while Premier Paints slid 9.93% to close at N30.40.
Activity levels indicated a busier market than the previous day, with investors exchanging 564.9 million shares worth N39.35 billion across 49,230 deals. This compared with Monday’s 475.82 million shares valued at N36.49 billion traded in 63,567 transactions. By trading volume, Fidelity Bank took the lead with 59.37 million shares, representing 10.51% of total shares traded. By traded value, MTN Nigeria was the dominant name, recording transactions worth N8.02 billion, or 20.40% of the day’s total market value.
