The Nigerian Exchange Limited (NGX) sustained its positive momentum for a second consecutive session on Tuesday, September 9th, 2025, as a wave of bargain hunting, particularly in insurance and fintech stocks, propelled market capitalisation upwards by N254 billion.
The bullish run, which saw the All-Share Index (ASI) appreciate by 0.29%, closed at 139,796.11 points, up from the previous day’s close of 139,394.75 points. Consequently, the market capitalisation increased to N88.453 trillion from an opening value of N88.199 trillion.
This sustained performance reinforces a growing investor confidence in the market, driven by strategic positioning across various sectors.
Market activity, measured by volume and value of trades, however, presented a mixed picture. The total volume of shares traded declined significantly by 30.5% to 659.20 million units from 947.9 million recorded on Monday. Similarly, the value of transactions dropped by 30.2% to N12.50 billion from N17.9 billion.
The number of deals executed also fell to 25,334 from 36,036. This suggests that while buying interest was focused and decisive, it was less broad-based than the previous session.
The market breadth, a key indicator of investor sentiment, ended strongly positive with 36 gainers outperforming 19 losers. The gainers’ chart was dominated by impressive performances from mid and low-cap stocks.
Regency Alliance Insurance led the pack, appreciating by a full 10% to close at N1.43. It was closely followed by Mecure Industries, which gained 9.92% to settle at N21.60 per share. Fintech firm Etranzact saw a 9.73% rise to N12.40, while Daar Communications and Deap Capital Management & Trust Plc advanced by 9.57% and 9.52% to close at N1.03 and N1.84, respectively.
Conversely, the losers’ table was topped by consumer goods giant Unilever Nigeria, which shed 9.79% of its share value to close at N63.15. FTN Cocoa Processors followed with a 9.40% decline to N5.40, and Ellah Lakes dipped by 8.76% to N13.02. Linkage Assurance and Berger Paints also closed in the red, declining by 6.85% and 6.33% respectively.
An analysis of the trading activity revealed FCMB Group Plc as the most active stock by volume, with 202.5 million shares valued at N2.1 billion changing hands. Universal Insurance Plc followed with 63.1 million shares worth N79.4 million, while First City Monument Bank Holdings traded 44.2 million shares valued at N1.34 billion.
Market analysts attribute the sustained rally to a combination of factors, including positive sentiment towards undervalued stocks and strategic portfolio rebalancing by investors seeking value in a dynamic market environment.
The ability of the market to maintain its upward trajectory, even on lower volume, is often interpreted as a sign of underlying strength, suggesting that the bullish trend may have room to continue in the near term. Investors will be closely monitoring subsequent sessions for continuity in this positive momentum.
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