The Nigerian Exchange Limited (NGX) witnessed a remarkable surge on Tuesday as key firms, including SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, and Vitafoam, pushed the market to a historic high of 151,456.91 basis points. Investors recorded an impressive N963 billion gain, extending the bullish momentum seen in recent weeks.

According to market data, the NGX’s market capitalisation rose from N95.171 trillion to N96.134 trillion, reflecting a 0.01 per cent increase. The All-Share Index (ASI) also climbed by 1,516.10 points, up from 149,940.81 recorded the previous day, marking a significant achievement for the Nigerian stock market.

Despite the strong performance, the market breadth closed slightly negative, with 30 losers and 28 gainers. The top gainers’ chart was dominated by SCOA Nigeria, Omatek, Consolidated Hallmark Holdings, BUA Foods, and Vitafoam, alongside 23 other rising equities.

Conversely, Livingtrust Mortgage Bank led the decliners with a 9.91 per cent loss, closing at N4 per share. Other notable losers included Conoil and Africa Prudential Sovereign Trust. Market turnover remained robust, as 551.92 million shares worth N20.54 billion exchanged hands across 27,518 deals.

Leading the trading activity was Fidelity Bank, with 59.1 million shares valued at N1.18 billion, followed by VFD Group with 39.31 million shares worth N424.7 million. Access Corporation traded 37.4 million shares valued at N950.1 million, while Guaranty Trust Holding Company (GTCO) sold 31.4 million shares worth N2.92 billion, underscoring the growing investor confidence in the Nigerian financial market.