The Nigerian Exchange Limited (NGX) on Tuesday, May 27 recorded a historic surge as the All Share Index (ASI) soared past the 111,000 points mark, closing at 111,606.22 points.

Data showed that at the end of trading, the ASI jumped from 109,884.93 to a record-high of 111,606.22, gaining 1.57% as it crossed both the 110,000 and 111,000 marks.

Market capitalisation also rose by 1.50% to reach N70.377 trillion by the close of trading, up from N69.2 trillion in the previous session.

This means that investors made a whopping N1.086 trillion after 4 hours of trading activities.

Snapshot of stock market performance on Tuesday

The standout performer driving this rally was Airtel Africa Plc, amid the company’s ongoing $100 million share buy-back programme, now in its second tranche following the successful completion of the first phase announced on December 23, 2024.

In summary, investors exchanged 409,571,113 shares valued at N9.869 billion across 15,992 deals on the NGX on Tuesday.

Here is a snapshot of the losers and winners:

Top gainers

-Airtel Africa led the day’s gainers, rising by N215.60 from N2,156.90 to N2,372.50 per share (+10.00%).

-Omatek Ventures gained N0.06, moving from N0.65 to N0.71 per share (+9.23%). --

-Cornerstone Insurance rose by N0.27, from N3.13 to N3.40 per share (+8.63%).

-Nigerian Aviation Handling Company added N6.25, increasing from N74.50 to N80.75 per share (+8.39%).

-University Press gained N0.31, moving from N4.79 to N5.10 per share (+6.47%).

Top losers

-On the flip side, MCNichols topped the losers’ chart with a 9.80% decline:

-MCNichols dropped N0.24, falling from N2.45 to N2.21 per share (−9.80%).

-Computer Warehouse Group lost N0.95, decreasing from N10.00 to N9.05 per share (−9.50%).

-Champion Breweries declined by N0.55, from N7.45 to N6.90 per share (−7.38%).

-Red Star Express fell N0.31, from N6.71 to N6.40 per share (−4.62%).

-Jaiz Bank dropped N0.15, moving from N3.36 to N3.21 per share (−4.46%).

Top traded stocks by volume

In terms of trading activity, Custodian Investment led the market by volume:

-Custodian Investment recorded 37.59 million shares valued at N752.12 million

-Fidelity Bank followed with 36.99 million shares worth N676.32 million.

-Veritas Kapital Assurance exchanged 33.01 million shares valued at N34.10 million.

-Zenith Bank traded 27.43 million shares worth N1.33 billion.

-Access Holdings recorded 23.69 million shares valued at N519.56 million.