Financial, oil gains push NGX to N158.4tn

Nigeria's Nigerian Exchange Group (NGX) reported a positive trading session on Tuesday, with aggressive buying in financial and energy equities driving market capitalization to N158.40tn. The All-Share Index also gained, rising 2,081.41 points to close at 244,304.51 points. Trading volume reached 520.65 million shares across 71,977 deals, fueled by strong institutional interest in growth-oriented stocks.

The NGX Premium Index increased to 30,275.09 points, while the NGX 30 Index closed at 8,989.03 points. Energy stocks boosted the NGX Oil and Gas Index to 6,035.23 points, and the NGX Consumer Goods Index rose to 4,081.31 points. However, the NGX Insurance Index fell to 1,051.62 points, and the NGX Industrial Index dropped to 9,936.57 points.

The Central Bank of Nigeria maintained its Monetary Policy Rate at 26.50 per cent. Key gainers included Nigerian Exchange Group Plc, Aradel Holdings Plc, Sovereign Trust Insurance Plc, McNichols Consolidated Plc, and International Breweries Plc. The losers included Ecobank Transnational Incorporated, Trans-Nationwide Express Plc, AVA Capital Plc, PZ Cussons Nigeria Plc, and BUA Cement Plc. ETFs and fixed income markets saw moderate participation, with SIAML Pension ETF 40 and Lotus Halal Equity ETF among the top performers.