Nigerian Equity Market Gains N653 Billion in Bullish Run

On Tuesday, the Nigerian equity market recorded a significant bullish run, gaining N653 billion, which lifted the market capitalization to N147.217 trillion from N146.564 trillion the previous day. The NGX share index increased by 1,017.26 basis points, closing at 229,419.18 points compared to 228,401.92 points the day before.

The market breadth showed 32 decliners against 19 advancers, resulting in a year-to-date return of 47.34 percent. Airtel Africa emerged as the top gainer, appreciating by 10 percent to close at N4.18 per share.

Other notable gainers included Cutix PLC and Regal Insurance. Conversely, Custodian Insurance was the top loser, dropping by 9.98 percent to close at N73.15 per share.

The total volume of shares traded decreased to 916.661 million, representing a 15.09 percent decline, with a total transaction value of N39.985 billion across 49,579 deals.