Nigerian Equities Gain N697 Billion Amid Market Growth

On Tuesday, the Nigerian domestic equities market continued its bullish trend, gaining N697 billion, which increased the market capitalization by 0.54% to N130.026 trillion from N129.329 trillion recorded on Monday. The NGX share index appreciated by 1084.68 basis points, rising to 202,559.57 points from 201,474.89 points the previous day.

The market breadth was positive, with 39 advancers against 34 decliners, bringing the year-to-date return to 30.17%. Notable gainers included Cement, which appreciated by 10% to close at N3.26 per unit, Premier Paint with a 9.86% increase to N23.40 per unit, and Zenith Bank, which rose by 7.91% to close at N111.15 per unit.

Conversely, Presco recorded the highest loss, shedding 10% to close at N1875.60 per unit. Trading volume increased to 987.457 million shares, with a total transaction value of N88.095 billion across 62,654 deals.

FCMB Group led market activity with 516.227 million shares worth N6.554 billion.