NGX gains N410bn as buying interest strengthens
The Nigerian Exchange Limited rebounded, gaining N410bn as renewed buying interest in industrial and consumer goods stocks lifted the market. Read More: https://punchng.com/ngx-gains-n410bn-as-buying-interest-strengthens/
Nigeria's NGX stock market saw a rebound on Tuesday, with renewed buying interest in key sectors driving gains. The All-Share Index rose 0.26% to 245,911.13 basis points, while market capitalisation expanded by N410.86bn to N159.67tn. Industrial and consumer goods stocks led the rally, with the NGX Industrial Index surging 0.14% to 10,258.95 points and the NGX Consumer Goods Index advancing 0.10% to 4,042.08 points.
Banking and insurance stocks saw slight declines, with the NGX Banking Index falling 0.04% to 2,493.34 points and the NGX Insurance Index dropping 0.06% to 1,068.32 points. Key individual performers included Austin Laz & Company Plc, which jumped 9.97% to N3.53 per share, and Thomas Wyatt Nigeria Plc, which gained 9.77% to N2.92. Overall, broad participation across sectors contributed to the market's positive turn.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- NGX gains N410bn as buying interest strengthens punchng.com
