The Nigerian All-Share Index shattered records on Tuesday, surging 1,721.29 points, or 1.57%, to close at an all-time high of 111,606.22, decisively breaking through the much-anticipated 110,000 threshold.
The rally, driven by strong performances from heavyweight stocks like Airtel Africa, propelled the market’s total capitalization to N70.3 trillion, up from N69.2 trillion in the prior session.
Airtel Africa led the charge among gainers, soaring 10.00% to N2372.50, while OMATEK followed closely with a 9.23% jump to N0.71.
Other notable performers included CORNERST (up 8.63% to N3.40), NAHCO (up 8.39% to N80.75), and UPL (up 6.47% to N5.10).
However, not all stocks shared in the gains, with MCNICHOLS and CWG dropping 9.80% to N2.21 and 9.50% to N9.05, respectively.
Trading activity saw a slight dip in volume, with 409.5 million shares exchanged across 15,992 deals, compared to 414.3 million shares in the previous session.
CUSTODIAN topped the activity chart with 37.5 million shares traded, followed by FIDELITYBK at 36.9 million shares.
VERITASKAP, ZENITHBANK, and ACCESSCORP also saw robust trading, with 33 million, 27.4 million, and 23.6 million shares traded, respectively.
The market’s year-to-date performance now stands at an impressive 8.43%, signaling sustained investor confidence despite global economic uncertainties.