January 27, (THEWILL) — The Nigerian equities market closed on a positive note on Tuesday, as the market capitalization opened at N105.962 and settled higher at N106,088.
The NGX All-Share Index (ASI) also recorded an uptick, rising from 165,517.56 to close at 165,713.82.
Market activity reflected a mildly bullish sentiment, with 33 gainers against 26 losers, indicating a stronger presence of buying interest across select stocks.
The leaders of the gainers include:
DEAPCAP advanced by 9.94 percent (N7.85 to N8.63).
SCOA appreciated by 9.94 percent (N26.15 to N28.75).
UHOMREIT gained 9.94 percent (from N78.45 to N86.25).
MORISON rose by 9.92 percent (N8.27 to N9.09).
RTBRISCOE added 9.82 percent (N6.57 to N7.22).
Top Losers for the day:
AUSTINLAZ -9.96 percent (from N4.82 to N4.34).
NEIMETH dropped -9.62 percent (from N11.95 to N10.80).
PRESTIGE dipped by -7.37percent (from N1.90 to N1.76).
AFRIPRUD fell -6.96 percent (N15.80 to N14.70).
VERITASKAP lost -6.86 percent (N2.04 to N1.90).
Stocks that remained flat for the session include MTN Nigeria Communications, Dangote Cement, Seplat Energy, Custodian Investment, and DN Tyre and Rubber.
Overall, the market closed in positive territory, supported by strong performances among select equities, even as profit-taking activities weighed on some stocks.
Investor sentiment remained cautiously optimistic, with participants positioning for opportunities across sectors in subsequent trading sessions.
Trading is expected to remain cautious, with selective buying in strong stocks, while some profit-taking may limit major gains.
Overall market sentiment is likely to stay mixed but steady.
Ogochukwu Onwaeze
