On Tuesday, Nigeria’s equities market experienced a slight increase of 0.23%, buoyed by investor interest in stocks such as Lafarge Africa, Unilever, Eunisell, SCOA, and John Holt. The market closed on a positive note, with 35 stocks gaining compared to 24 that recorded losses.
At the close of trading, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) rose from 97,747.27 points to 97,972.33 points. Market capitalisation also saw an increase, climbing from N59.230 trillion to N59.366 trillion.
The day’s trading activity included high volumes of stocks such as Access Holdings, Japaul Gold, Chams, Consolidated Hallmark, and UBA, which were actively traded on the exchange.
In total, 321,894,415 shares valued at N6.270 billion were exchanged in 9,021 deals. Notable stock movements included Lafarge Africa, which saw a 10% increase, rising from N46 to N50.60. Unilever also gained 10%, moving from N24.50 to N26.95. Other significant movers included SCOA, which increased by 9.94% from N1.71 to N1.88, and Eunisell, which saw a 9.94% increase from N13.18 to N14.49. John Holt rose by 9.89%, from N8.49 to N9.33.
This growth suggests positive sentiment and investor confidence in several leading stocks on the Nigerian Exchange.