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The NGX extended its recovery on Tuesday, with the All-Share Index gaining 1,005.27 points to close at 244,304.51.
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Market capitalisation rose by ₦652 billion to ₦158.399 trillion as market breadth remained positive with 34 gainers against 26 decliners.
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NGX Group and Aradel led the gainers, while Ecobank Transnational Incorporated and Transnational Express recorded sharp losses.
September 15, (THEWILL) – The Nigerian Exchange Limited (NGX) sustained its positive momentum on Tuesday, as renewed buying interest across several equities lifted the All-Share Index (ASI) above the 244,000-point level.
The ASI opened at 243,299.24 and closed at 244,304.51, representing a gain of 1,005.27 points or 0.41 percent.
Similarly, market capitalisation increased by ₦652 billion, rising from ₦157.747 trillion at the opening to ₦158.399 trillion at the close.
Market breadth remained positive, with 34 gainers against 26 decliners, reflecting continued buying interest despite sharp losses recorded in selected equities.
Pricing Session
On the gainers’ chart:
- NGXGROUP surged 9.95 percent (₦162.80 to ₦179.00).
- ARADEL rallied 9.62 percent (₦1,414.00 to ₦1,550.00).
- SOVRENINS jumped 9.50 percent (₦1.79 to ₦1.96).
- MCNICHOLS climbed 9.09 percent (₦4.40 to ₦4.80).
- INTBREW advanced 8.50 percent (₦10.00 to ₦10.85).
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On the decliners’ side:
- ETI plunged 10.00 percent (₦74.00 to ₦66.60).
- TRANSEXPR tumbled 9.93 percent (₦2.72 to ₦2.45).
- AVACAP slumped 9.90 percent (₦5.05 to ₦4.55).
- PZ sank 9.52 percent (₦83.00 to ₦75.10).
- PRESTIGE shed 8.72 percent (₦1.49 to ₦1.36).
FirstHoldCo Plc, Dangote Cement Plc, Seplat Energy, John Holt Plc, Julius Berger Nigeria Plc and Champion Breweries Plc, among others, closed flat for the session.
Investor Sentiment and Outlook
The positive close marked another session of recovery for the domestic equities market, supported by broad-based gains and strong advances in selected stocks.
However, the relatively close gap between gainers and decliners, alongside the steep losses recorded by several equities, points to a still-selective market. Investors are likely to remain focused on stocks with stronger earnings prospects and catalysts as the market seeks to sustain its upward trajectory.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
