Nigerian Exchange Recovers, Delivers 22.4% YTD Return
The Nigerian Exchange (NGX) recovered from selloffs on Wednesday with positive price appreciation across sectoral indexes. Key performance indicators surge as investors reposition in stocks with strong fundamentals.
Stockbrokers highlighted that the All-Share Index edged higher by 0.58% to 190,427.96 points, pushing the year-to-date (YTD) return to 22.37%.
Market capitalization similarly grew by 0.56%, gaining ₦683.62 billion to ₦122.24 trillion. Investors sentiment was bearish at 0.8x, with 33 gainers overshadowed by 41 losers.
MANSARD, SKYAVN, BETAGLASS, ZICHIS, and JAPAULGOLD emerged as top performers, whereas DEAPCAP, MECURE, VITAFOAM, UNIONDICON, and ABBEYBDS recorded the largest losses.
Sectoral activity was largely positive: Oil & Gas led gains with a 3.87% rally, followed by Commodity rising 3.11%, Banking advancing 0.67%, Consumer Goods increasing 0.22%, and Industrial edging up 0.09%.
Conversely, the Insurance sector fell 0.20%. Trading metrics displayed mixed results as share volume surged 205.73% to 3.67 billion units and transaction value grew 2.81% to ₦61.88 billion, while deal count dropped 20.68% to 68,693 transactions. Zenith Bank Hits New 12-Month High
