Trading activity on the Nigerian Exchange Limited (NGX) closed on a strong note on Tuesday, driven by robust turnover in financial sector equities.
Investors traded a total of 837,217,438 equity shares in volume across 52,054 completed deals, propelling the market capitalization of listed equities up by N297.21 billion to close at N162,682,572,034,425.34 (N162.68 trillion).
The continuous buying interest expanded the benchmark NGX All-Share Index (ASI) by 457.86 points (0.18%), closing at an all-time peak of 250,614.66 points, up from Monday’s closing level of 250,156.80 points.
At the end of the session, stock sentiment produced notable price movers across market boards
The financial services sector served as the primary engine of volume and value growth across market tiers.
Industrial heavyweights and technology processing firms provided additional upward momentum, though selective profit-taking in telecommunications constrained further overall index gains.
On the other hand, selling pressure in telecommunications giant MTN Nigeria Communications Plc, which fell by 4.49% to close at N850.00, dragged the NGX Premium Index slightly down from 31,714.33 to 31,679.41 points.
At the macroeconomic and market structure levels, steady monetary policy and broad participation sustained transaction activity.
Liquidity was predominantly focused on the Main Board, which generated 597,397,451 shares traded across 32,254 deals, while the Premium Board recorded 222,570,966 shares exchanged in 16,197 deals, reflecting broad institutional and retail capital allocation.
Across key industry sectors, banking stocks spearheaded the market’s upward trajectory:
Trading volume was heavily concentrated in tier-1 and tier-2 financial institutions, alongside select tech and energy firms:
Market breadth closed on a distinctly positive note, demonstrating that buying interest was widespread across individual stock tickers rather than confined to a few heavyweights.
In contrast, the NGX Insurance Index contracted from 1,102.93 to 1,081.54 points (-1.94%), driven lower by price pullbacks in underwriters such as AXA Mansard Insurance Plc (-6.67%) and Mutual Benefits Assurance Plc (-8.38%).
Beyond cash equities, multi-asset breadth reflected balanced engagement across Exchange-Traded Funds (ETFs) and fixed-income debt securities. The ETF market recorded 6 gainers and 6 losers, with top ETF performers including Stanbic IBTC ETF 30 (+10.00%), THE SIAML PENSION ETF 40 (+9.99%), and NewGold Exchange Traded Fund (+8.38%).
Meanwhile, the debt securities market recorded 8 deals totaling 49,405 units, with minor price adjustments in select Federal Government Sovereign Bonds, underlining investor participation across equities, index trackers, and debt instruments.
