Lagos May 27, 2025 (NAN) Nigerian stock market continued its bullish trend on Tuesday, recording a N1.086 trillion gain.
Market capitalization rose by N1.086 trillion, or 1.57 percent, to close at N70.38 trillion, up from N69.291 trillion recorded on Monday.
Similarly, the All-Share Index rose by 1,721.29 points, or 1.57 percent, settling at 111,606.22 from its previous close of 109,884.93.
This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Airtel Africa, Omatek, Cornerstone Insurance, Nigerian Aviation Handling Company, University Press, and 31 other equities.
The market breadth closed positive, with 36 gainers and 21 losers.
Among the gainers, Airtel Africa climbed by 10 percent, closing at N2,372.50, while Omatek grew by 9.23 percent, settling at 71 kobo per share.
Cornerstone Insurance gained 8.63 percent, closing at N3.40, and the Nigerian Aviation Handling Company rose by 8.39 percent to close at N80.75 per share.
University Press soared by 6.47 percent, closing the session at N5.10 per share.
On the losers’ chart, Mc Nicholas dropped by 9.80 percent, closing at N2.21, while Computer Warehouse Group fell by 9.50 percent, settling at N9.05 per share.
Champion shed 7.38 percent, settling at N6.90, and Red Star Express lost 4.62 percent, closing at N6.40 per share.
Jaiz Bank declined by 4.46 percent, ending at N3.21 per share.
A total of 409.57 million shares worth N9.87 billion were exchanged across 15,992 transactions.
This compares to 414.51 million shares valued at N11.094 billion traded across 19,775 deals earlier.
Custodian Investment topped the activity chart with 37.59 million shares worth N752.12 million.
Fidelity Bank followed with 36.99 million shares valued at N676.32 million, while Veritas Kapital Assurance transacted 33.005 million shares worth N34.10 million.
Zenith Bank sold 27.43 million shares valued at N1.33 billion, and Access Corporation traded 23.69 million shares worth N519.555 million.
Commenting on the uptrend, Mr David Adonri, Vice Chairman of Highcap Securities Ltd., described the development as a record-breaking performance.
Adonri noted that the positive trend was driven by the forces of demand and supply, as some major stocks like Airtel Africa and others appreciated.
“This is indeed a record-breaking performance; this is the first time we are witnessing a surge of that magnitude which impacts the market capitalisation and the All Share Index,” he stated.
“Currently, we are witnessing what we christen as ‘The Tinubu Boom’.”
