Nigerian Exchange Gains N650bn, Reaches N158.4tn

On Tuesday, the Nigerian Exchange reported a robust session, with market capitalization increasing by N650 billion to close at N158.40 trillion, up from N157.75 trillion in the previous session. The benchmark All-Share Index rose by 2,081.41 points, reaching 244,304.51 points, the highest since a low of 242,223.10 points on September 9.

Trading volume reached 520.65 million shares across 71,977 deals, driven by institutional interest in growth-oriented stocks. The NGX Premium Index rose to 30,275.09 points, while the NGX 30 Index closed at 8,989.03 points.

The NGX Oil and Gas Index increased to 6,035.23 points, and the NGX Consumer Goods Index rose to 4,081.31 points. However, the NGX Insurance Index fell to 1,051.62 points, and the NGX Industrial Index slid to 9,936.57 points.

Nigerian Exchange Group Plc (NGX: NGXGROUP) led gainers with a 9.95% increase to N179.00 per share, while Ecobank Transnational Incorporated (NGX: ETI) topped losers, dropping 10.00% to N66.60 per share. Activity in ETFs and fixed income segments showed moderate participation.