BUSINESS
INVESTORS GAIN ₦110BN AS NIGERIAN STOCK MARKET EXTENDS WINNING STREAK TO EIGHT DAYS
The Nigerian stock market continued its impressive run on Tuesday, with investors pocketing ₦110 billion in gains as the market recorded its eighth consecutive day of positive trading.
Data from the Nigerian Exchange Limited (NGX) showed that the market capitalisation rose by 0.12%, moving from ₦91.921 trillion to ₦92.031 trillion. Likewise, the All-Share Index (ASI) gained 172.48 points, closing at 144,995.26 compared to 144,822.78 on Monday.
The sustained uptrend was fueled by renewed investor interest in top-performing stocks such as Cornerstone Insurance, Consolidated Hallmark Holdings, CHAMS, VFD Group, and International Energy Insurance. In total, 39 stocks advanced while 34 declined, reflecting a positive market breadth.
Cornerstone Insurance led the gainers’ chart with a 9.92% rise, closing at ₦6.65, while Livingtrust Mortgage Bank topped the losers’ list after shedding 10% to close at ₦5.94.
In trading activity, Access Corporation emerged as the most traded stock by volume, with 45.86 million shares worth ₦1.19 billion exchanged.
With eight straight sessions of growth, market optimism appears to be holding firm, as investors continue to take positions in key financial and insurance stocks.
"This represents a significant development in our ongoing coverage of current events."— Editorial Board