Business
Investors Bag N110bn as Nigerian Stocks Rally for 8th Day
Investors in the Nigerian Exchange Limited (NGX) earned ₦110 billion on Tuesday as the stock market extended its winning streak to eight consecutive trading sessions.
The market capitalisation, which opened at ₦91.921 trillion, climbed by 0.12% to close at ₦92.031 trillion.
Similarly, the All-Share Index (ASI) advanced by 172.48 points or 0.12%, settling at 144,995.26 from 144,822.78 recorded on Monday.
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The rally was largely driven by renewed investor interest in Cornerstone Insurance, Consolidated Hallmark Holdings, CHAMS, VFD Group, International Energy Insurance, and 34 other equities.
Market breadth closed on a positive note with 39 gainers against 34 losers, reflecting sustained bullish sentiment.
Cornerstone Insurance led the gainers’ chart with a 9.92% increase to ₦6.65, while Livingtrust Mortgage Bank topped the losers’ table with a 10% decline to ₦5.94.
In terms of activity, Access Corporation dominated the trading volume, exchanging 45.86 million shares valued at ₦1.19 billion.
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