Investors’ Portfolios Jump ₦1.66trn as NGX Sustains Uptrend
The Nigerian Exchange (NGX) surged on Tuesday, delivering strong gains for equity investors as market optimism drove portfolios up by ₦1.66 trillion.
Trading data showed the NGX All-Share Index climbed 1.59 per cent to 165,837.32 points, underpinned by robust activity in telecom, banking, and consumer sectors.
Market capitalisation rose to ₦106.18 trillion, reflecting broad-based buying interest that lifted several large- and mid-cap stocks. Market breadth was strongly positive at 4.50x, with 54 gainers against 12 losers, signalling widespread bullish sentiment.
Leading the rally, several stocks recorded double-digit percentage gains, while key market movers accounted for a significant portion of transaction value.
A total of 1.13 billion shares worth ₦33.55 billion changed hands, with the most actively traded stock representing over 30 per cent of total volume and another contributing nearly one-third of the day’s value.
Sectoral performance mirrored the bullish trend. The Banking index led with a 1.33 per cent gain, supported by high investor demand. The Consumer Goods index advanced 0.74 per cent, while Oil & Gas (0.39%), Industrial Goods (0.10%), and Commodity (0.01%) indices also posted positive returns.
The Insurance sector was the only laggard, edging down 0.06 per cent amid selective profit
