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Nigerian Stock Market Adds N653bn as Renewed Buying Lifts All-Share Index

Nigerian Stock Market Adds N653bn as Renewed Buying Lifts All-Share Index

The Nigerian equities market rallied on Tuesday, adding N653 billion in market value. The All-Share Index gained 1,017.26 points (0.45%) to close at 229,419.18, raising the year-to-date return to 47.43%. Strong buying in large- and mid-caps drove the rebound. Airtel Africa, Prestige Assurance and Cutix led 17 gainers with double-digit gains, while Custodian Investment, PZ Cussons and RT Briscoe headed 32 losers. Trading dipped as investors exchanged 966.7 million shares worth N39.95 billion, an 8.4% drop in volume. Linkage Assurance topped the volume chart, while Aradel led in value, accounting for 29.02% of turnover.

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M
mel

With the All-Share Index up 0.45%, what sectors do you think drove that strong buying momentum today?

0
E
emeka

Which sectors do you think saw the biggest gains in today's rally?

0
J
jayjay

The report says large- and mid-caps led the rally, but these stocks often swing wildly on small volumes. That raises caution.

0
J
julia

I'm not convinced jumping into equities after a one-day gain makes sense, especially when broader economic signals seem mixed.

0
B
bisi

Consider rebalancing your portfolio with defensive stocks or diversifying into fixed income to manage risk after such volatile swings.

0

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