The Nigerian Exchange Limited (NGX) reached a historic milestone on Tuesday as the All-Share Index surged to 151,456.91 basis points, driven by gains in top-performing firms including SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, and others.
The continued bullish run in the equities market led to an investor gain of ₦963 billion, pushing market capitalisation from ₦95.171 trillion to an all-time high of ₦96.134 trillion — a 0.01% increase.
The NGX All-Share Index rose by 1,516.10 points compared to 149,940.81 points recorded on Monday, further strengthening market momentum despite a slightly negative breadth with 30 losers against 28 gainers.
Top gainers for the day included SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, and Vitafoam, among others.
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On the downside, Livingtrust Mortgage Bank led the laggards, falling by 9.91% to close at ₦4. Other notable losers included Conoil and Africa Prudential Sovereign Trust.
Market activity remained robust with 551.92 million shares traded, valued at ₦20.54 billion across 27,518 deals. Fidelity Bank led in trade volume with 59.1 million shares worth ₦1.18 billion, followed by VFD Group with 39.31 million shares valued at ₦424.7 million. Access Corporation and Guaranty Trust Holding Company also saw significant activity, trading 37.4 million shares and 31.4 million shares respectively.
The NGX continues to attract strong investor interest, buoyed by optimism in the financial and industrial sectors as well as growing confidence in the Nigerian economy.
