Investors Make More Money As NGX Sustain Rally As 2025 Trading Draws to a Close
- The Nigerian stock market closed on a positive note, with investors’ wealth increasing by N411 billion following sustained bargain-hunting
- Guinea Insurance, Honeywell Flour, Julius Berger, and Austin Laz led the gainers as the NGX All-Share Index advanced by 0.42%
- Investors traded 4.7 billion shares valued at N38.9 billion in 34,852 deals during Tuesday’s session
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian Exchange (NGX) closed Tuesday’s trading session on a positive note as sustained bargain-hunting by investors lifted market performance.
The rally pushed the NGX All-Share Index (ASI) up by 645.19 points, or 0.42%, to 155,034.72 points, from 154,389.53 points in the previous session.
Source: Getty Images
Market capitalisation also increased by N411 billion to N98.843 trillion, compared with N98.432 trillion recorded on Monday.
Snapshot of Market activity
Investor sentiment remained bullish as 46 equities advanced, while 24 stocks declined, resulting in a positive market breadth.
Trading activity surged during the session, with total volume jumping by 213.33% to 4.7 billion shares, from 1.5 billion shares recorded in the previous trading day.
The value of transactions also rose by 9.58% to N38.9 billion, compared with N35.5 billion recorded on Monday. However, the number of deals declined by 27.28% to 34,852 transactions, from 47,892 deals in the prior session.
Top gainers
Guinea Insurance Plc led the gainers’ table, rising by 10.00% to close at N1.32.
Honeywell Flour Mills Plc also advanced by 10.00% to N21.45, while Julius Berger Nigeria Plc gained 10.00% to settle at N152.90. Austin Laz Plc appreciated by 9.94% to close at N3.87.
Top decliners
On the losers’ table, Union Dicon Salt Plc declined by 10.00% to finish at N6.30.
Living Trust Mortgage Bank Plc fell by 10.00% to N3.42, while First Holdco Plc dropped by 9.94% to close at N44.40. Veritas Kapital Assurance Plc depreciated by 7.47% to N1.61, and Mutual Benefits Assurance Plc slumped by 7.46% to N3.10.
Source: Getty Images
Top trades by volume
Cornerstone Insurance Plc dominated trading activity, accounting for 3.7 billion shares valued at N18.5 million.
FCMB Group Plc traded 302.4 million shares worth N3.3 billion, while Wema Bank Plc exchanged 97.4 million shares valued at N1.9 billion. Access Holdings Plc recorded 75.1 million shares worth N1.6 billion, and Chams Plc sold 47.5 million shares valued at N169.5 million.
Looking ahead, Gilbert Ayoola a capital market analyst told Legit:
"The market is expected to maintain a steady outward posture, supported by improving risk sentiment and stabilising economic indicators. Investors are likely to continue balancing equities exposure with fixed-income holdings as they assess forthcoming policy cues, liquidity conditions, and corporate guidance.
"Barring unforeseen shocks, the overall trajectory points toward a cautiously optimistic market environment, with opportunities for accumulation in undervalued sectors and sustained appetite for attractive yields."
UBA seeks approval for N157 billion rights issue
Earlier, Legit.ng reported that following the Central Bank of Nigeria’s (CBN) March 2024 review of capital requirements for banks, which gave a two-year timeline, five banks have already met the benchmark, while others continue to explore strategies to raise their capital.
United Bank for Africa Plc (UBA) has now proposed a move aimed at achieving the N500 billion capital threshold mandated for national commercial banks.
Source: Legit.ng
