The Nigerian equity market recorded a significant boost on Tuesday, gaining N136 billion in market capitalization. The All-Share Index rose by 0.23% to close at 97,972.33 points, with year-to-date growth reaching 31.02%. Despite a 19% drop in trading volume compared to the previous session, turnover increased by 20%, reaching N6.42 billion from 9,187 deals. Market breadth was positive, with 38 equities gaining and 23 recording losses.
Lafarge WAPCO led the market with a 10% share price increase, closing at N50.60. Unilever Nigeria followed with a similar 10% gain, closing at N26.95. Other notable gainers included Eunisell Interlinked and SCOA Nigeria, while PZ Cussons Nigeria suffered the largest loss, declining by 9.82% to N22.50. Trading volume leaders included Access Holdings, Japaul Gold, and Chams.
Sectoral indices also performed well, with the Insurance Index leading at a 1.9% gain, followed by increases in the Industrial, Premium, Oil & Gas, and Pension indices. These gains underline the continued bullish trend, bolstering investor confidence in the Nigerian stock market
