TUE MAY 27 2025-theGBJournal| Nigerian equities market rallied again on Tuesday after most major stocks scored huge gains by close of trading session.
The All-Share Index rose by 1.6% to 111,606.22 points, as the Month-to-Date and Year-to-Date returns improved to +5.5% and +8.4%, respectively.
Gains in AIRTELAFRI (+10.0%), GTCO (+2.1%), and WAPCO (+3.1%) helped lift the market, and reflects the sustained investor interest.
AIRTELAFRI (+10.0%) and OMATEK (+9.2%) led the gainers, while MCNICHOLS (-9.8%) and CWG (-9.5%) recorded the most significant losses of the day.
The total volume traded declined by 1.2% to 409.57 million units, valued at N9.87 billion, and exchanged in 15,992 deals.
CUSTODIAN was the most traded stock by volume at 37.59 million units, while GTCO was the most traded stock by value at N1.57 billion.
Sectoral performance was positive, as the Insurance (+2.2%), Banking (+0.8%), Oil & Gas (+0.8%), Industrial Goods (+0.5%) and Consumer Goods (+0.1%) indices all advanced.
As measured by market breadth, market sentiment was positive (1.8x), as 36 tickers gained relative to 20 losers.
At the FX market, the naira scored its biggest gain against the U.S dollar after several months of under performance.
The market has seen less pressure on the currency since last week when it began to consistently trade between N1,580.44/US$1 and N1,601/US$1, supported by the Central Bank of Nigeria’s (CBN) intervention.
It closed 0.4% up to N1,575.00/US$1 today from N1,581.00/US$1.
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