BUA Foods, SCOA, others power NGX to all-time 151,456 index milestone as investors gain ₦963bn

|Babatunji Wusu

The Nigerian Exchange (NGX) crossed a historic threshold on Tuesday as the All-Share Index surged to 151,456.91 basis points — its highest level ever — driven by strong interest in stocks such as BUA Foods, SCOA Nigeria, Omatek and Consolidated Hallmark Holdings.

Investors pocketed a massive ₦963 billion in value as the market’s capitalisation climbed from ₦95.171 trillion to ₦96.134 trillion, sustaining the equities market’s bullish momentum.

Despite the rally, the market breadth closed negative — 30 decliners outpacing 28 gainers, signalling selective buying.

The session saw SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods and Vitafoam lead the gainers’ chart, while Livingtrust Mortgage Bank emerged worst performer, sliding 9.91% to close at ₦4, followed by Conoil and Africa Prudential Sovereign Trust.

Market activity remained robust, with 551.92 million shares valued at ₦20.54 billion exchanged across 27,518 deals.

Fidelity Bank topped the volume chart with 59.1 million shares worth ₦1.18 billion, followed by VFD Group at 39.31 million units worth ₦424.7 million. Access Corporation traded 37.4 million shares at ₦950.1 million, while GTCO recorded 31.4 million shares valued at ₦2.92 billion.