Nigerian Stock Market Gains N259 Billion as 36 Stocks Close in Green
Nigerian Stock Market Rises by N259 Billion Amid Broad Buying The Nigerian stock market maintained its upward trend on Tuesday, adding N259 billion in value as buying interest picked up across major sectors. At the close of trading, market capitalisation climbed 0.37% to N70.894 trillion , rising from N70.635 trillion the previous day. The All-Share Index (ASI) also gained momentum, closing at 112,427.48 points —an increase of 411.52 points or 0.37% —showing strong investor confidence. What Drove the Market Rally? Tuesday’s positive movement came from increased demand for mid- and large-cap stocks. Top-performing companies that drove the rally included: Honeywell Flour Mill SCOA Nigeria SFS Real Estate Investment Trust Industrial & Medical Gases These firms saw significant price increases, reflecting renewed optimism among investors. Market breadth ended on a positive note, with 36 stocks closing in green compared to 32 […]