Financial, oil gains push NGX to N158.4tn

The Nigerian Exchange (NGX) saw a bullish trading session on Tuesday, with the market capitalization rising by N650 billion to close at N158.40 trillion. The All-Share Index gained 2,081.41 points to settle at 244,304.51 points, marking the highest level since September 9. Trading volume increased to 520.65 million shares across 71,977 deals.

The NGX Premium Index and NGX 30 Index also showed positive momentum, while some sectors like insurance and industrial faced minor setbacks. Despite the overall gain, investors remained cautious due to macroeconomic headwinds, with the Central Bank of Nigeria maintaining its Monetary Policy Rate at 26.50 percent.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.