NGX Sustains Rally as Investors Make More Money in 2025 Trading Year

The Nigerian Exchange (NGX) closed Tuesday's trading session on a positive note, sustaining a rally as the 2025 trading year nears its end. Investors engaged in bargain hunting, leading to a market performance rally that pushed the All-Share Index (ASI) up by 0.42%.

Market capitalization increased by N411 billion to N98.843 trillion. The market saw 46 equities advancing and 24 stocks declining, resulting in a positive market breadth.

Notable gainers included Guinea Insurance PLC, Honeywell Flour Mill PLC, and Julius Berger PLC, while losers included Union Dicon Salt PLC and Mutual Benefit Assurance PLC. Trade activity surged, with total volume jumping to 4.7 billion shares worth N38.9 billion.

However, the number of deals declined compared to the previous session. The Central Bank of Nigeria (CBN) had earlier reviewed capital requirements for banks in March 2024, giving them a two-year timeline.