Equities Market Rebounds as ASI Rises 0.46%, Market Cap Hits N68.35trn
NGX
Samuel Mobolaji
The Nigerian Exchange rebounded strongly on Tuesday, with the All-Share Index (ASI) climbing by 0.46 per cent to close at 108,763.34 points. The rally was led by impressive gains in OANDO (+10.00%), TRANSCORP (+9.99%), and Nigerian Breweries (+9.47%), which outweighed losses in HMCALL (-9.85%), ACADEMY (-7.33%), and ABCTRANS (-6.13%).
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The bullish sentiment pushed the market capitalisation higher to N68.35 trillion, while the year-to-date return improved to 5.67 per cent. Trading activity also advanced, as turnover increased by 0.61 per cent in value and 20.24 per cent in volume compared to the previous session. GTCO emerged as the most traded stock by value with N2.19 billion worth of shares exchanged, while TANTALIZER led in volume, gaining 1.73 per cent.
Market breadth closed positive at a 1.67-to-1 ratio, with advancing stocks significantly outnumbering decliners, underscoring renewed investor appetite for equities.
On the NASD OTC platform, the market maintained a positive tone as the NASD Securities Index (NSI) gained 1.02 per cent to close at 3,359.8 units, with market capitalisation rising to N1.96 billion. Volume of trades surged by 61.47 per cent to 414.54 million units, while transaction value climbed 16.71 per cent to N1.05 billion, reflecting strong off-market participation.
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