NGX Rebounds With N720 Bn Gain As Banking Stocks Rally
The Nigerian Exchange (NGX) All-Share Index (ASI) rebounded on Tuesday, driven by buying interest in banking and insurance stocks, among other gainers. The stock market capitalisation increased by ₦719. 56. . .
The Nigerian Exchange (NGX) All-Share Index (ASI) rebounded on Tuesday, driven by buying interest in banking and insurance stocks, among other gainers. The stock market capitalisation increased by ₦719. 56 billion, closing at ₦155. 85 trillion, while key market performance indicators climbed by 0. 46%. Stockbrokers reported buying interest in LEARNAFRCA, FIRSTHOLDCO, FCMB, ZENITHBANK, and MTNN, across major market sectors. The All-Share Index added 1,121. 33 basis points in today’s trading session to close at 242,870. 44Total volume and the total value traded increased by +21. 25% and +139. 44%, respectively. In a note, Atlass Portfolio Limited told investors that approximately 634. 78 million units valued at ₦53,336. 20 million were transacted across 42,494 deals. FIRSTHOLDCO drove volume, accounting for 51. 57% of all shares traded in the market, followed by GTCO (3. 54%), ACCESSCORP (2. 92%), FCMB (2. 54%), and ZENITHBANK (2. 51%). As expected, FIRSTHOLDCO accounted for 41. 88% of the total trade value, making it the most actively traded on the exchange. LEARNAFRCA topped the gainers chart, up +10. 00%, trailed by FIRSTHOLDCO (+9. 98%), THOMASWY (+9. 80%), NREIT (+9. 71%), RTBRISCOE (+8. 68%), TRANSCOHOT (+8. 37%), and twenty others. A total of twenty-two stocks depreciated. With a price depreciation of -9. 86%, INTENEGINS topped the worst performers’ chart, followed by LEGENDINT (-9. 18%), FTGINSURE (-7. 67%), FTNCOCOA (-7. 55%), INTBREW (-4. 79%), and JAPAULGOLD (-4. 19%). Hence, market breadth closed on a positive note, with 26 gainers and 22 losers. Sectoral performance was flat today as two of the five major market sectors increased, two declined, while one remained unchanged. The Banking and Insurance sectors increased by 2. 28% and 0. 48%, respectively. The Consumer Goods sector and the Oil & Gas sector declined by -0. 97% and -0. 10%, respectively, while the Industrial Goods sector remained unchanged (0. 00%). S&P 500 Tests Record Highs, Bulls Eye Next LegJulius AlagbeJulius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting. He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa. Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions. He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape. His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses. Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa. Julius Alagbe is based in Lagos, Nigeria.