NGX Gains 0.53% as Trading Volume Surpasses 1.27 Billion Shares

The Nigerian Exchange Limited (NGX) extended its positive momentum on Tuesday as the benchmark index advanced by 0.53 percent amid a significant surge in trading volume.

The NGX All-Share Index (ASI) rose to 244,697.62 points, while equity market capitalisation increased to ₦156.94 trillion, indicating improved investor sentiment and sustained buying interest in selected large-cap and financial stocks.

Investors traded a total of 1.27 billion shares valued at ₦57.88 billion in 56,956 deals, making it the highest trading volume recorded so far in June and one of the most active sessions of the year.

The market’s positive performance was supported by gains in telecommunications, banking and insurance stocks, helping offset declines in selected consumer goods and industrial counters.

Airtel Africa Plc led the gainers’ chart after appreciating by 10.00 percent from ₦3,655.70 to ₦4,021.20 per share. International Energy Insurance Plc gained 9.90 percent to close at ₦8.77, while Abbey Mortgage Bank Plc advanced 9.76 percent to ₦11.25. Infinity Trust Mortgage Bank Plc rose by 9.63 percent to ₦10.25, and First HoldCo Plc gained 8.49 percent to settle at ₦69.00.

On the losers’ table, Learn Africa Plc declined by 10.00 percent from ₦10.50 to ₦9.45. Transcorp Express Plc also lost 10.00 percent to close at ₦4.41, while Okomu Oil Palm Plc shed 10.00 percent to ₦1,575.00. Unilever Nigeria Plc fell by 10.00 percent to ₦140.40, and NAHCO Plc dropped 10.00 percent to ₦170.55.

Sterling Financial Holdings Company Plc emerged as the most actively traded stock by volume with 715.66 million shares exchanged during the session. GTCO Plc followed with 49.19 million shares, while FCMB Group Plc recorded 34.39 million shares traded.

In terms of value, GTCO led the market with transactions worth ₦6.68 billion, followed by Sterling Financial Holdings at ₦5.41 billion.

Access Holdings Plc, FCMB Group Plc and Veritas Kapital Assurance Plc also featured among the most actively traded stocks.

The strong turnover recorded during the session highlights continued liquidity in the equities market. Trading value rose to ₦57.88 billion, slightly higher than the ₦56.66 billion recorded in the previous session, suggesting sustained participation from both institutional and retail investors.

In the exchange-traded fund segment, NEWGOLD posted the strongest gain, rising by ₦8,000 to close at ₦126,000. SIAMLETF40 gained ₦625 to settle at ₦7,500, while STANBICETF30 advanced by ₦78.99 to ₦4,000. MERGROWTH recorded a marginal gain, while VETGRIF30 closed slightly lower.

Market analysts noted that the combination of rising volume, strong turnover and gains in major stocks such as Airtel Africa and First HoldCo points to improving market sentiment.

The sustained liquidity observed over the last two trading sessions suggests investors continue to position in selected equities despite ongoing profit-taking in some sectors.

With market turnover remaining above ₦57 billion and trading activity broadening across key sectors, investors are expected to continue monitoring corporate developments, economic data and earnings expectations for further direction in the coming sessions.