The Nigerian stock market ended Tuesday’s trading session on a bullish note, with the All-Share Index (ASI) climbing 0.27 per cent to close at 108,763.34 basis points.
The domestic stock market reversed Monday’s losses, as buying interest in Transnational Corporation and Oando drove a 0.3 per cent increase in the benchmark index to 108,762.60 basis points.
Market capitalisation also rose in tandem, gaining N186 billion to settle at N68.36 trillion, signalling renewed investor confidence.
Accordingly, the Month-to-Date and Year-to-Date returns improved to +2.8 per cent and +5.7 per cent, respectively.
Market breadth was firmly in the green, as 40 stocks advanced against 24 decliners—a clear sign of strong bullish sentiment.
Leading the gainers’ chart were Oando and Chellaram, both up by the maximum 10.00 per cent, closely followed by Transcorp, Beta Glass, and Caverton Offshore Support Group, which appreciated in share value by 9.99 per cent, 9.96 per cent, and 9.85 per cent, respectively.
On the flip side, HMCALL, Academy Press, and UAC Property Development Company topped the losers’ list after their share prices depreciated by 9.85 per cent, 7.33 per cent, and 6.25 per cent, respectively.
Sectoral performance painted a broadly positive picture.
Analysing by sector, the Consumer Goods, Insurance, and Banking indices advanced by 1.7 per cent, 0.9 per cent, and 0.2 per cent, respectively, while the Industrial Goods and Oil & Gas indices declined by 0.6 per cent and 0.2 per cent, respectively.
Trading activity picked up momentum, with total volume and value increasing by 21.60 per cent and 1.75 per cent, respectively. However, deal count saw a mild dip of 9.28 per cent.
In total, investors exchanged 498.48 million shares valued at N10.78 billion across 14,916 deals.
Tantalizer was the most traded stock by volume at 57.80 million units, while Guaranty Trust Holding Company was the most traded stock by value at N2.19 billion.
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