March 17, (THEWILL) — Nigeria’s stock market maintained its bullish momentum on Tuesday, as the NGX All-Share Index (ASI) rose to 202,559.41 points, up from 201,474.89 points at the previous session. Market capitalisation expanded to ₦130.03 trillion, reflecting strong investor demand and broad-based gains across key sectors. Investor sentiment was positive, with confidence driven by firm corporate earnings, active buying in large-cap and mid-cap stocks, and a generally optimistic outlook on market fundamentals.
The pricing session recorded 39 gainers and 34 losers.
Top Gainers:
BUACEMENT 10.00 percent (₦297.00 to ₦326.70)
PREMPAINTS 9.86 percent (₦21.30 to ₦23.40)
ZENITHBANK 7.91 percent (₦103.00 to ₦111.15)
NAHCO 7.14 percent (₦163.90 to ₦175.60)
RTBRISCOE 6.67 percent (₦10.50 to ₦11.20)
Top Losers:
PRESCO -10.00 percent (₦2,083.90 to ₦1,875.60)
CAVERTON -8.70 percent (₦6.90 to ₦6.30)
NSLTECH -7.69 percent (₦1.30 to ₦1.20)
GUINEAINS -6.43 percent (₦1.40 to ₦1.31)
INTBREW -6.35 percent (₦14.95 to ₦14.00)
Several blue-chip stocks, including Seplat Energy, Okomu Oil Palm, Julius Berger, Ava Infrastructure, Golden Guinea, and Guinness Nigeria Plc, closed flat.
Analysts expect Wednesday trading to remain upbeat, with investor confidence underpinned by sustained buying interest in financial and industrial counters, as well as optimism around corporate earnings releases.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
