The Nigerian Alternate Restricted (NGX) reversed earlier losses on Tuesday because the All-Share Index (ASI) superior by 0.40 p.c from 200,484.43 recorded on Monday to shut at 201,287.78 factors.
The constructive shut displays renewed shopping for curiosity throughout key sectors following the earlier session’s decline.
Equities market capitalisation elevated from ₦128.69 trillion to ₦129.21 trillion, representing a acquire of roughly ₦516 billion in investor wealth.
Market Exercise
Buying and selling exercise strengthened as buyers exchanged a complete of 887.68 million shares valued at ₦35.56 billion in 53,436 offers, indicating improved market participation and liquidity.
High Gainers
Market positive aspects have been pushed by Multiverse Mining and Exploration Plc (MULTIVERSE), which rose by 9.88 p.c from ₦16.70 to ₦18.35.
Different notable advancers embody:
- Worldwide Power Insurance coverage Plc (INTENEGINS): +9.49% to ₦3.23
- Chams Holding Firm Plc (CHAMS): +8.40% to ₦4.39
- MTN Nigeria Communications Plc (MTNN): +5.85% to ₦760.00
- Lotus Halal Fairness ETF (LOTUSHAL15): +5.15% to ₦143.00
High Losers
On the draw back, NPF Microfinance Bank Plc (NPFMCRFBK) led the losers’ chart, shedding 10.00 p.c to shut at ₦6.30.
Different decliners embody:
- Skyway Aviation Dealing with Firm Plc (SKYAVN): -9.97% to ₦143.10
- Zichis Plc (ZICHIS): -9.96% to ₦13.65
- Mutual Advantages Assurance Plc (MBENEFIT): -9.91% to ₦4.09
- RT Briscoe Plc (RTBRISCOE): -9.90% to ₦9.65
High Trades
Buying and selling exercise was dominated by banking and monetary companies shares, with Wema Bank Plc main the market with 184.13 million shares valued at ₦4.79 billion.
Different actively traded shares embody:
- VFD Group Plc: ₦1.19 billion
- NSL Tech Plc: ₦63.75 million
- Chams Holding Firm Plc: ₦151.97 million
- Entry Holdings Plc: ₦720.09 million
Fastened Revenue and ETF Market
The bond market remained secure, with main devices comparable to ADBB2021S1, BUA2027S1, CP27NGNGS1C, DAN2032S2TC and FG112034S2 closing unchanged, reflecting regular demand within the fastened revenue section.
The ETF section recorded combined efficiency. NEWGOLD gained ₦8,000.26 to shut at ₦186,000.25, whereas GREENWETF rose by ₦114.10 to ₦1,290.00 and VETBANK superior by ₦2.56 to ₦31.17. Nonetheless, VETGOODS and VETGRIF30 declined by ₦6.22 and ₦10.44 respectively.
Market Outlook
The market’s rebound displays renewed investor confidence following the earlier session’s decline, supported by elevated buying and selling quantity and worth.
Sustained liquidity and selective accumulation in key equities recommend that buyers are positioning forward of macroeconomic developments and company earnings releases, whereas short-term volatility stays pushed by profit-taking and sector rotation.
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