Abuja: The Nigerian equities market extended its bullish streak on Tuesday, rising 0.56% and boosting investor wealth by N710 billion, driven by strong earnings momentum.
This positive trend was fueled by robust 2025 financial results and notable dividend announcements from listed companies.
The rally was further supported by rising global oil prices, which recently reached $83 per barrel, and by ongoing demand for blue-chip stocks in the domestic market.
Despite US-Israel-Iran tensions unsettling markets, resilient Nigerian banking and oil stocks supported the upward trend.
Market capitalisation rose by N710 billion, or 0.56 per cent. It increased from N125.488 trillion to close at N126.198 trillion.
Similarly, the All-Share Index rose by 1,107.73 points, a 0.56 per cent gain, closing at 196,621.96 from 195,514.23 in the previous session.
Consequently, the Year-To-Date return climbed to 26.35 per cent, while market breadth remained positive with 39 gainers versus 36 losers.
UAC of Nigeria and Sunu Assurances led the gainers, each rising 10 per cent to end at N106.70 and N4.84 per share, respectively.
Oando rose 9.96 per cent to N50.25, Sovereign Trust Insurance soared 9.88 per cent to N2.67, while Fortis Global Insurance gained 9.71 per cent to N1.13 per share.
On the flip side, FG202033S6 led the losers’ chart, dropping 28.64 per cent to N85. Fidson followed, declining 10 per cent to close at N81, while Mecure lost 9.95 per cent to settle at N68.30 per share.
AluAluminium Extrusion Industries fell 9.88% to 15.50. Mc Nicholas dropped 8.26% to N7 per share.
Market activity improved, with total volume rising 11.41 per cent to 880.01 million shares, valued at N44.51 billion and traded in 86,761 deals.
Fortis Global Insurance recorded the day’s highest volume with 58.40 million shares, accounting for 6.64 per cent of total volume.
Aradel recorded the day’s highest value, N8.22 billion, accounting for 18.47% of total trades.
Mr David Adonri, Vice President of Highcap Securities, attributed the persistent rally on the NGX to the release of 2025 full-year company results.
Adonri said strong earnings and appealing dividend declarations continued to attract investor interest.
