The Nigerian Exchange (NGX) closed positively on Tuesday, with the market rebounding on the back of strong price appreciation in Dangote Cement and a cluster of other blue-chip stocks.
The All-Share Index (ASI) rose by 1.20%, climbing to 144,928.36 points from 143,210.33 points recorded in the previous session. Market capitalisation also advanced by 1.41%, adding ₦1.29 trillion to settle at ₦92.376 trillion, up from ₦91.089 trillion.
The uptrend was driven by renewed investor interest, particularly in large-cap counters, as 27 equities closed in the green against 20 losers, reflecting a positive market breadth.
A total of 606 million shares worth ₦40 billion exchanged hands in 14,791 deals, indicating heightened trading activity.
Top Gainers
Dangote Cement topped the gainers’ chart with a 9.99% rise, closing at ₦588.00, up from ₦534.60.
NCR and International Breweries also posted strong performances, advancing by 9.98% and 9.66% respectively.
Top Losers
Ikeja Hotel led the laggards after shedding 9.92% to close at ₦28.60, down from ₦31.75.
Legend Internet and Living Trust Insurance followed with losses of 9.91% and 9.78% respectively.
Volume Drivers
ACCESSCORP remained the most actively traded stock, with 310 million units worth ₦6.4 billion traded in 962 deals.
Zenith Bank recorded 40 million shares in 877 deals, valued at ₦2.4 billion.
Fidelity Bank posted 38 million shares traded across 268 deals, worth ₦725 million.
The market’s strong close marks a continuation of investor bargain-hunting in heavyweight stocks, signalling improved sentiment ahead of key economic data releases.
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