NGX Index Climbs as Access Holdings, Transcorp Power Rally
The Nigerian Exchange (NGX) All-Share Index (ASI) climbed on Tuesday, boosted by buying interest in Access Holdings, Transcorp Power, and Stanbic IBTC, among others.
The local stock market rebounded 2 basis points, rising by N28.66 billion as bargain hunting resumed in selected mid-cap and blue-chip stocks across key market sectors.
Gainers included INTBREW (+6.47%), TRANSPOWER (+3.71%), ZENITHBANK (+0.78%), and ACCESSCORP (+1.89 %), while major losers were ETI (-4.29%), UBA (-2.26%), and VITAFOAM (-9.99%).
The market index rose 44.14 basis points, up 0.02%, to close at 254,289.35. Market capitalisation also rose 0.02% to ₦ 165.11 trillion, up ₦ 28.65 billion.
Total trade volume rose 1.58%, while total value traded fell 52.38%. Traders transacted about 525.44 million units, valued at ₦22,610.94 million, across 39,078 deals.
By volume, ACCESSCORP generated 10.75% and was the most traded, followed by CHAMS (6.42%), VFDGROUP (5.87%), INTENEGINS (4.91%), and FIDELITYBK (4.24%). In value traded, ARADEL accounted for 14.48% of total value traded, making it the exchange’s highest-traded stock.
Meanwhile, on the best performers’ chart, UPL led with +9.52%, followed by OMATEK (+8.59%), INTBREW (+6.47%), GUINEAINS (+5.26%), ROYALEX (+5.26%), CORNERST (+4.88%), and fourteen others. A total of thirty-one (31) stocks depreciated.
FTGINSURE led the losers’ chart with a -10.00% price depreciation, followed by VITAFOAM (-9.99%), ABBEYBANK (-8.73%), CAVERTON (-7.58%), LIVESTOCK (-6.51%), and INTENEGINS (-6.25%). As a result, market breadth closed negative, with 20 gainers and 31 losers.
Sectoral performance was positive today, with four of the five major market sectors up. The Consumer goods sector led at +0.18%, followed by Banking (+0.03%), Oil & Gas (+0.02%), and Industrial goods (+0.001%). Only the Insurance sector declined by 1.15%. Apple Tops Nvidia as AI Spending Concerns Reshape Sentiment
