Saturday, July 5, 2025
CAPITAL MARKETMARKETSTOP STORY

Nigerian bourse closes positive Tuesday, up 0.17%

Gains resurfaced on the Nigerian bourse on Tuesday, albeit marginally, as the market All-Share Index (ASI)  inched higher by 0.17 per cent to 40,499.04 points, owing to renewed interests in industrial goods stocks.

Accordingly, the Month-to-Date loss dipped to 2.42 per cent, while the Year-to-Date gain improved to 5.90 per cent.

The Industrial Goods (+2.08%) index turned positive – posting the highest return among the sectoral indices – following renewed interests in WAPCO (+3.41%) and DANGCEM (+1.19%) shares.

The Consumer Goods (+0.56%) index also recorded gains, owing to interests in NB (+0.23%) stocks. On the flip side, the Banking (-1.45%), Insurance (-0.12%), and Oil & Gas (-0.02%) indices closed negative, following profit taking in GUARANTY (-1.15%), AIICO (-4.29%), and FO (-3.50%) stocks respectively.

Market breadth remained negative, with 26 losers and 16 gainers, led by WEMABANK (-4.94%) and JAPAULOIL (+8.16%) respectively. Total volume of trades increased by 35.27% to 388 million units, valued at NGN4.21 billion, and exchanged in 4,222 deals.

Analysts at Cordros Capital have the view that long-term outlook for the equities market remains positive, as strengthening macroeconomic fundamentals and expected positive corporate releases are likely to bolster gains.

Publisher Biz247News
The editorial team is an assemblage of dedicated professionals led by Wole Tokede who has about three decades of unblemished records in business and financial journalism.