Nigerian stock market extended its winning streak for a third consecutive session

The stock market extended its winning streak for a third consecutive session, closing the final trading day of the year on a positive note as renewed investor optimism lifted performance.

The NGX All-Share Index advanced by 0.37% to 155,613.03 points, bringing the year-to-date return to 51.19%, while market capitalization increased by N532.94bn to close at N99.38trn.

Gains were driven by strong buying interest in bellwether stocks, particularly BUAFOODS (+1.25%), FIRSTHOLDCO (+7.88%), and MTNN (+0.81%), which collectively offset losses recorded in select counters including ZENITH (-1.67%), WAPCO (-1.10%), and INTBREW (-4.44%).

Market activity moderated, with total traded volume and value declining by 73.75% and 9.61%, respectively. CHAMS (+6.65%) led activity by volume at 710.28mn units, while ARADEL (-1.46%) topped the value chart with N9.52bn in trades.

Market breadth remained firmly positive at 2.76x, as 47 gainers outpaced 17 losers. ALEX (+9.98%) emerged as the top gainer, whereas NEIMETH (-9.38%) led the laggards. The stock market however traded 4.683 million shares valued at N38.864 billion in 34,852 transactions on Tuesday. This compares with 1.47 billion shares worth N35.5 billion traded across 47,892 deals earlier on Monday.


This showed a 219 per cent growth in volume, a nine per cent increase in value, and a 27 per cent decline in deals. Cornerstone Insurance recorded the highest volume and value with 3.67 billion shares traded at N18.53 billion. This translated to 78.36 per cent and 47.69 per cent of total volume and value traded for the day.


Meanwhile, the equities market continued its positive performance, adding N411 billion to investors’ portfolios. Market capitalisation rose by N411 billion or 0.42 per cent, closing at N98.843 trillion from N98.432 trillion on Monday. Also, the All-Share Index climbed 645.19 points or 0.42 per cent, ending at 155,034.72 from 154,389.53. As a result, the year-to-date return rose to 50.63 per cent.