Investors ride high on strong blue-chip stocks, boosting market confidence.
The Nigerian stock market closed Tuesday on a high note, with investors gaining N687 billion as buying interest persisted in major equities. The All-Share Index rose 1,084.68 points (0.54%) to 202,559.57, while market capitalisation hit N130.026 trillion.
Top gainers included BUA Cement (+10%), Premier Paints (+9.89%), Zenith Bank (+7.91%), Nigerian Aviation Handling (+7.14%), and RT Briscoe (+6.67%). On the flip side, Presco (-10%) and Caverton Offshore (-8.7%) led the losers.
Trading activity surged 84.75% to 1.75 billion shares valued at N88.10 billion, with FCMB topping volume charts and Zenith Bank leading in traded value. Analysts say strong demand for fundamentally sound stocks continues to fuel the bullish momentum.
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