TUE SEPT 09 2025-theGBJournal| Nigerian stocks surged on Tuesday as investors confidence gain momentum ahead of H1 2025 corporate earnings report.
Gains in WAPCO (+6.2%), GTCO (+0.54%), and INTBREW (+4.1%) spurred a 0.3% increase in the All-Share index to 139,796.11 points.
The month-to-date and year-to-date returns settled at -0.4% and +35.8%, respectively.
The total volume of trade declined by 30.5% to 659.17 million units, valued at N12.50 billion, exchanged in 25,334 deals.
FCMB was the most traded stock by volume and value, at 202.49 million units and N2.10 billion, respectively.
On sectors, performance was broadly positive as the Insurance (+1.0%), Industrial Goods (+0.9%), Banking (+0.4%), and Consumer Goods (+0.3%) indices closed higher, while the Oil & Gas (-0.1%) index declined.
As measured by market breadth, market sentiment was positive (1.9x), as 35 tickers gained relative to 18 losers. REGALINS (+10.0%) and MECURE (+9.9%) recorded the most significant gains of the day, while UNILEVER (-9.8%) and FTNCOCOA (-9.4%) led the laggards.
Meanwhile, the naira strengthened further against the U.S dollar. The local currency traded 0.1% up against the dollar to N1,510.00/US$ at the the official FX rate market.
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