The Nigerian stock market sustained its upward momentum on Tuesday, adding N332 billion to investors’ portfolios.

Trading at the Nigerian Exchange Limited (NGX) closed on a bullish note, driven largely by demand for stocks such as Austinlaz, Industrial and Medical Gases, Union Dicon Salt, Zichis Agro Allied Industries, RT Briscoe, and several others.

As a result, market capitalization rose by 0.31 percent, closing at N106.494 trillion from an opening value of N106.162 trillion.

Similarly, the All-Share Index (ASI) advanced by 516.93 points, or 0.31 percent, to close at 165,901.57, up from 165,384.64 recorded in the previous session.

Market sentiment remained positive, with 35 stocks appreciating against 34 decliners at the close of trading.

Industrial and Medical Gases, Union Dicon Salt, Zichis Agro Allied Industries, and Austinlaz topped the gainers’ chart, each appreciating by 10 percent to close at N34.65, N9.90, N5.06, and N4.07 per share, respectively. RT Briscoe also posted notable gains.

On the losers’ side, Cutix and Omatek Ventures led the chart, shedding 10 percent each to close at N3.15 and N2.43 per share. Union Homes Real Estate Investment Trust followed closely with a decline of 9.95 percent.

Meanwhile, a total of 736.4 million shares valued at N24.7 billion were traded in 46,026 deals. This compares with 762.8 million shares worth N18.4 billion exchanged in 55,374 transactions in the previous session.

The figures reflect a 3.45 percent drop in trading volume and a 17 percent decline in the number of deals, despite a 29 percent increase in transaction value.

GTCO emerged as the most actively traded stock, recording 65.90 million shares valued at N6.53 billion.

This represented 8.95 percent of total market volume and 26.47 percent of the day’s overall value.