The Nigerian stock market sustained its upward momentum on Tuesday, as investors’ wealth increased by N126 billion, representing a 0.12 percent gain.

Market capitalization on the Nigerian Exchange (NGX) rose to N106.088 trillion at the close of trading, up from N105.962 trillion recorded in the previous session.

In the same vein, the All-Share Index (ASI) advanced by 0.12 percent, adding 196.26 points to close at 165,713.82, compared with 165,517.56 previously.

The positive performance was largely driven by renewed buying interest in medium- and large-cap stocks such as Union Homes Real Estate, SCOA, Deap Capital Management, Morison, RT Briscoe, and several others.

Market breadth closed positive, with 33 gainers against 26 decliners.

Union Homes Real Estate Investment, SCOA, and Deap Capital Management topped the gainers’ chart, appreciating by 9.94 percent each to close at N86.25, N28.75, and N8.63 per share, respectively.

On the losing side, Austinlaz led the decliners after shedding 9.96 percent to close at N4.34. It was followed by Neimeth International Pharmaceutical, Prestige Assurance, Africa Prudential, and Veritas Kapital.

Trading activity showed mixed performance, as volume declined by 20 percent, the number of deals fell by 29 percent, while transaction value rose by 0.43 percent.

A total of 483.09 million shares valued at N17.4 billion were traded in 41,499 deals, compared with 601.6 million shares worth N17.3 billion exchanged in 58,429 transactions in the previous session.

Access Corporation recorded the highest trading volume, with 26.46 million shares, accounting for 5.48 percent of the total volume traded.

Meanwhile, Guaranty Trust Holding Company emerged as the most traded by value for the second consecutive session, with transactions worth N2.49 billion, representing 14.33 percent of the day’s total value.