Airtel Africa Leads NGX Rebound, Investors Gain N1.09trn
With a 10% gain, telecommunication company Airtel Africa led the Nigerian Exchange (NGX) rebound, boosting the value of equity portfolios on Tuesday, according to trading data.
Hence, equity investors recouped N1.09 trillion from N1.38 trillion lost to selloffs on the Nigerian Exchange at the beginning of the week, and the local bourse rebounded strongly.
Nigerian equities rebounded on Tuesday, with the NGX All-Share Index climbing 0.85% to close at 200,705.88 points. The barraging hunting lifted the year-to-date return to +28.98% as the market cap rose by ₦1.09 trillion to settle at ₦128.84 trillion.
Market breadth held favourable at 1.6x, with 36 advancers, which were led by AIRTELAFRI, CONHALLPLC, JOHNHOLT, LEGENDINT, and ZICHIS — outpacing 23 decliners, where NPFMCRFBK, ROYALEX, CWG, VERITASKAP, and UPDC posted the sharpest losses.
Leading the gainers were JOHNHOLT, CONHALLPLC, AIRTELAFRI, and LEGENDINT, all gaining 10.00%, while the losers list was led by NPFMCRFBK (-6.28%), ROYALEX (-5.32%), and CWG (-4.82%).
Activity levels increased, with total volume reaching 1.29 billion and total value settling at N65.33 billion. However, the total number of deals declined to 89,949, compared to the last trading session, when 848.84 million shares valued at N53.34 billion were exchanged in 139,458 deals.
GTCO led both the volume and value charts, with 184.38 million units and N19.39 billion in trade. Sectoral performance was broadly positive, with Insurance (+2.14%), Commodity (+0.64%), Consumer Goods (+0.53%), Banking (+0.50%), Industrial, and Oil & Gas all closing in the green.
Trading volumes and turnover rose 52.15% and 22.48% to 1.29 billion shares and ₦65.33 billion, respectively, though the number of deals fell 35.50% to 89,949. # Airtel Africa Leads Stock Market Rebound, Investors Gain N1.09trn African Sovereign Debt to Reach 45% of GDP in 2026 – S&P
