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    Thursday, September 10

    Equities Investors Gain N100.5bn as NGX Halts Losses

    Julius AlagbeBy Updated: News No Comments1 Min Read
    Equities Investors Gain N100.5bn as NGX Halts Losses

    Equities Investors Gain N100.5bn as NGX Halts Losses

    Equities investors gained N100.51 billion as the Nigerian Exchange (NGX) stopped losses, with oil-linked and industrial stocks rising on Thursday.

    The Nigerian stock market staged a marginal rebound with the NGX All-Share Index edging up 0.06% to close at 242,378.13 points.

    The soft bargain hunting pushed the year-to-date return to +55.76% and added ₦100.51 billion to market capitalisation, which closed at ₦157.15 trillion.

    Trading activity was varied, as volume and turnover surged 161.79% and 21.83% to 1.4 billion shares and ₦27.4 billion, respectively, while deal count slipped 1.54% to 46,218 transactions.

    The gainers list was led by SEPLAT (10.00%), JAPAULGOLD (9.83%), and TANTALIZER (8.29%), while the losers list was led by ARADEL (-10.00%), RTBRISCOE (-10.00%), and CHAMPION (-9.91%).

    Sectoral performance was mixed, as advances in Oil & Gas (+6.39%) and Commodity (+4.65%) offset declines in Insurance (-7.70%), Banking (-5.14%), Industrial (-3.76%), and Consumer Goods (-2.63%).

    The market is expected to return to downward pressure as investors continue to liquidate positions across the Insurance and Banking sectors ahead of the Dangote Refinery IPO, which is set to commence at the start of the coming week. Top 5 Stocks with Buy Recommendations from Broadstreet

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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