NGX Closes Higher as Investors Reap N426.28bn Gain Amid 0.65% Market Surge

The Nigerian Exchange Limited (NGX) ended Tuesday’s session on a bullish note, adding N426.28 billion to investors’ portfolios.

Market capitalization, which opened at N66.069 trillion, rose by 0.65 percent to settle at N66.495 trillion. Likewise, the NGX All-Share Index (ASI) gained 683.65 points, an increase of 0.65 percent, closing at 106,574.98 from its previous 105,891.33 points.

Trading activity remained robust, with total transactions amounting to N11.762 billion across 15,561 deals. At the close of business, 40 stocks recorded gains, while 25 equities closed in the red.

Leading the gainers’ chart, Ellah Lakes surged by 10 percent, adding 33k to close at N3.63, while Honey Flour appreciated by 9.93 percent, gaining N1.04. United Bank for Africa (UBA) also advanced by 1.84 percent, adding 70k to settle at N38.80, while FBN Holdings gained 0.93 percent to close at N32.50.

Conversely, International Energy Insurance led the laggards, declining by 9.78 percent to N2.03 after shedding 22k. Eunisell Chemicals followed closely, dipping 9.74 percent, losing N1.30 to close at N12.05.