December 30, (THEWILL) — The Nigerian equities market closed higher on Tuesday, extending its bullish run as broad-based buying interest lifted key market indicators.
Market capitalisation advanced to ₦98.843 trillion, up from an opening level of ₦98.432 trillion, reflecting a gain of ₦411 billion.
Similarly, the All-Share Index (ASI) rose by 645.19 points to close at 155,034.72, compared with 154,389.53 at the start of the session.
Market breadth was firmly positive, with 47 gainers against 24 losers, underscoring strong investor appetite across sectors.
Top Gainers
• Guinea Insurance topped the gainers’ chart, appreciating by 10.00 percent (from ₦1.20 to ₦1.32).
• Honeywell Flour Mills also gained 10.00 percent, (closing at ₦21.45 from ₦19.50).
• Julius Berger advanced by 10.00 percent (to ₦152.90 from ₦139.00).
• Austin Laz & Company rose by 9.94 percent, (settling at ₦3.87 from ₦3.52).
• Multiverse Mining added 9.88 percent (to close at ₦13.35 from ₦12.15).
Top Losers
• Union Dicon Salt declined by 10.00 percent, (closing at ₦6.30 from ₦7.00).
• LivingTrust Mortgage Bank shed 10.00 percent (to ₦3.42 from ₦3.80).
• FirstHoldCo fell by 9.94 percent, (ending the session at ₦44.40 from ₦49.30).
• Veritas Kapital dropped 7.47 percent (to ₦1.61 from ₦1.74).
• MBENEFIT declined by 7.46 percent, (closing at ₦3.10 from ₦3.35).
Unchanged Stocks
Stocks that closed flat included MTN Nigeria Communications, Dangote Cement, Seplat Energy, FTN Cocoa, Okomu Oil Palm, and Presco Plc.
Investor sentiment remained strongly bullish, driven by renewed interest in mid-cap and industrial stocks, as well as continued momentum from recent sessions.
The wide positive market breadth suggests growing confidence and sustained risk appetite.
Looking ahead, the market is expected to maintain its upward bias in the near term, although intermittent profit-taking may occur as prices approach new highs.
Investors are likely to remain selective, focusing on fundamentally strong stocks and opportunities ahead of the year-end.
Ogochukwu Onwaeze
