{"id":8778,"date":"2026-06-24T09:56:19","date_gmt":"2026-06-24T09:56:19","guid":{"rendered":"https:\/\/ograsset.com\/?p=8778"},"modified":"2026-06-24T09:56:20","modified_gmt":"2026-06-24T09:56:20","slug":"equity-market-extends-rally-as-index-gains-1-06","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/06\/24\/equity-market-extends-rally-as-index-gains-1-06\/","title":{"rendered":"Equity market extends rally as index gains 1.06%"},"content":{"rendered":"\n
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Equity market extends rally as index gains 1.06%<\/strong><\/p>\n\n\n\n

The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday, as renewed buying interest continued to drive capital appreciation across the bourse.<\/p>\n\n\n\n

The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to close at 240,743.19 points.<\/p>\n\n\n\n

Similarly, the total market capitalisation of listed equities rose by N1.64tn to settle at N154.48tn.<\/p>\n\n\n\n

The market\u2019s upturn was primarily driven by gains recorded in medium and large-capitalised stocks, including Airtel Africa, Guaranty Trust Holding Company, Transnational Corporations, Lafarge Africa, and Zichis Agro Allied Industries.<\/p>\n\n\n\n

Investor sentiment remained strongly positive as market breadth closed with 33 advancing stocks outperforming 23 declining counters.<\/p>\n\n\n\n

Guinea Insurance and telecommunications giant, Airtel Africa, led the gainers\u2019 chart with a maximum daily price appreciation of 10 per cent each, closing at N1.10 and N4,358.80 per share, respectively.<\/p>\n\n\n\n

International Energy Insurance followed closely, gaining 9.89 per cent to close at N6.11 per share.<\/p>\n\n\n\n

Tripple Gee & Company advanced 9.82 per cent to finish at N3.69, while Cornerstone Insurance rose 9.76 per cent to close at N6.75 per share.<\/p>\n\n\n\n

On the losing side, Red Star Express led the laggards, depreciating 9.96 per cent to close at N24.85 per share.<\/p>\n\n\n\n

Premier Paints followed with a 9.93 per cent decline to close at N30.40, while Trans-Nationwide Express dropped 9.82 per cent to finish at N4.04 per share.<\/p>\n\n\n\n

Royal Exchange also shed 9.38 per cent of its value to close at N1.45, while Abbey Mortgage Bank fell  9.29 per cent to close at N8.30 per share.<\/p>\n\n\n\n

Activity levels on the trading floor spiked significantly, with the total volume of shares traded surging 15.74 per cent to 564.91 billion units.<\/p>\n\n\n\n

The traded shares, which were valued at N39.35bn, were executed by investors in 49,230 deals.<\/p>\n\n\n\n

Transactions in the shares of Fidelity Bank dominated the volume chart, accounting for 59.37 million shares valued at N1.08bn.<\/p>\n\n\n\n

Zenith Bank followed as the second most traded stock, exchanging 49.53 million shares worth N5.86bn, while Dangote Sugar Refinery recorded 43.12 million shares valued at N3.13bn.<\/p>\n\n\n\n

Rounding off the top five most active equities, Chams Holding Company traded 39.51 million shares valued at N156.46m.<\/p>\n\n\n\n

Access Holdings completed the activity chart, selling 30.71 million shares worth N703.63m.<\/p>\n\n\n\n

Source:<\/em> https:\/\/punchng.com\/equity-market-extends-rally-as-index-gains-1-06\/<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Equity market extends rally as index gains 1.06% The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday, as renewed buying interest continued to drive capital appreciation across the bourse. The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to close at 240,743.19 points. Similarly,… <\/p>\n

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