Consumer goods stocks led gains on the Nigerian Exchange on Tuesday, driven by increased investor interest in the breweries, household, and FMCG sectors.
This is amid renewed optimism over earnings recovery and improving consumer sector sentiment, pushing the trading session with overall market capitalisation at approximately ₦89.7 trillion. At the same time, the benchmark All-Share Index (ASI) advanced to around 141,263.05 basis points.
Leading the rally was Nigerian Breweries Plc, which advanced by 9.94 per cent to close at ₦94.00 per share after investors traded more than 60.2 million shares. The strong performance placed the brewer among the day’s top gainers and reflected renewed investor confidence in the company’s recovery trajectory.
Similarly, PZ Cussons Nigeria Plc rose by 9.55 per cent to ₦109.00, while Unilever Nigeria Plc gained 7.67 per cent to settle at ₦161.50 per share.
In the beverages segment, Champion Breweries Plc appreciated by 5.96 per cent to ₦16.00, with trading volume exceeding 72.5 million shares, making it one of the most actively traded consumer goods stocks during the session.
The bullish sentiment extended beyond breweries into household and industrial consumer names. Vitafoam Nigeria Plc climbed 4.30 per cent, while Dangote Sugar Refinery Plc recorded a modest gain of 1.23 per cent.
However, the rally was not broad-based across the entire sector. Honeywell Flour Mill Plc declined by 5.41 per cent despite recording strong trading activity of more than 75.6 million shares, while International Breweries Plc dipped marginally by 0.77 per cent.
Among the top gainers, Ikeja Hotel Plc and University Press Plc led the chart after both stocks appreciated by the maximum daily limit of 10 per cent to close at ₦39.60 and ₦4.40, respectively. The strong rally reflected renewed investor interest in hospitality and publishing companies.
Also among the best-performing stocks were FTN Cocoa Processors Plc and Chams Holding Company Plc, which gained 9.97 per cent each to close at ₦10.04 and ₦3.75, respectively. The performance highlighted sustained buying momentum in agriculture-linked and technology-related stocks during the trading session.
On the losers’ chart, Fortis Global Insurance Plc recorded the steepest decline among equities after shedding 9.65 per cent to close at ₦1.03 per share, while Custodian Investment Plc lost 9.52 per cent to settle at ₦81.25.
The consumer goods sector also benefited from broader positive market sentiment, with investors rotating into fundamentally strong stocks after sustained banking-led rallies in recent weeks.
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