NGX Market Capitalisation Hits ₦75.58 Trillion After Robust Rally

The Nigerian Exchange (NGX) saw a significant boost in market capitalisation on Tuesday, climbing to ₦75.58 trillion after a bullish performance added ₦764 billion in value to equities.

The rally extended the positive momentum from prior sessions, with the All-Share Index (ASI) increasing by 1.02%.

With investor sentiment remaining optimistic, the year-to-date return climbed to 16.4%, fuelled largely by persistent demand for medium- and large-cap equities. Notable gainers included DANGSUGAR, OKOMUOIL, WAPCO, and ELLAHLAKES, which helped sustain the market’s upward movement.

The ASI surged by 1,211.17 points, closing at a new record of 119,790.82 points. Analysts and brokers observed heightened trading activity compared to the previous session, with total transaction volume and value rising by 30.77% and 10.10%, respectively.

In a report to investors, Atlass Portfolio Limited disclosed that approximately 854.77 million shares worth ₦23.48 billion were exchanged in 21,933 deals. ROYALEX led the volume chart, contributing 13.71% of total trades, followed by FIDELITYBK (11.11%), ACCESSCORP (7.36%), ZENITHBANK (4.53%), and UBA (4.46%).

OKOMUOIL dominated in terms of trade value, accounting for 14.04% of the day’s total. DANGSUGAR, OKOMUOIL, UPDC, and BETAGLAS all recorded the maximum 10% gain, topping the list of advancers.

Other strong performers included CHAMPION (+9.98%), ELLAHLAKES (+9.90%), CWG (+9.90%), NEIMETH (+9.83%), and CILEASING (+9.79%), with over fifty stocks closing in the green. However, 22 equities ended the day in the red.

DAARCOMM was the worst performer, shedding 7.81% of its value. Other notable laggards included PRESTIGE (-5.56%), ARADEL (-4.06%), FIRSTHOLDCO (-3.93%), LEGENDINT (-2.87%), and VERITASKAP (-2.00%).

At market close, the breadth was bullish, with 61 stocks gaining compared to 22 losers. Sectoral performance also reflected positive sentiment: the industrial sector led with a 3.13% gain, followed by consumer goods (+2.01% % %), banking (+0.94% % %), and insurance (+0.06% % %). In contrast, the oil and gas sector recorded a decline of 1.51%.

Overall, the day’s trading confirmed continued investor confidence, as the market added ₦764.13 billion in value—equivalent to a 1.02% rise in total capitalisation—bringing it to ₦75.58 trillion.