NGX Crossed N84trn as Equity Investors Gain N406bn
The Nigerian Exchange (NGX) crossed N84 trillion in market capitalisation as equity investors portfolio value increased by more than N406 billion. The stock market extended its bullish run on Thursday, as the NGX All-Share Index (ASI) rose 0.48% to 133,199.99 points, lifting year-to-date returns to 29.41%.
Market capitalisation surged by ₦406 billion to close at ₦84.26 trillion as bargain hunting heated up as investors positioned themselves in fundamentally sound stocks amidst corporate earnings releases.
Today’s market uptrend was fueled by sustained buying interest in medium- and large-scale stocks across all major sectors, led by the insurance sector, appreciating by 2.72%.
This renewed interest was also spurred by investors optimism following the release of half-year financial results from some listed companies, with expectations of improved earnings from others yet to report.
Trading activities improved as the total volume and total value of trades increased by 11.87% and 29.01% respectively. Stockbrokers reported that approximately 762.11 million units valued at ₦21,953.64 million were transacted across 22,712 deals.
In terms of volume, JAPAULGOLD led the activity chart, accounting for 10.29% of the total volume of trades, followed by UBA (8.97%), ACCESSCORP (7.98%), CONHALLPLC (6.84%), and NB (5.05%), rounding out the top five.
UBA emerged as the most traded stock in value terms, accounting for 15.05% of the total value of all trades executed on the exchange.
ACADEMY, FTNCOCOA, and SOVRENINS topped the advancers’ chart with a price appreciation of 10.00 percent each, trailed by RTBRISCOE (+9.97%), TIP (+9.97%), GUINNESS (+9.97%), OANDO (+9.96%), LEGENDINT (+9.94%) and thirty-seven others.
Thirty-three stocks depreciated, according to data from the local bourse. JOHNHOLT, ABCTRANS, and UNIONDICON were the top losers, with a price depreciation of -10.00% each. Other decliners include NEIMETH (-8.59%), HMCALL (-8.51%), BERGER (-8.15%), LIVESTOCK (- 6.25%), and VERITASKAP (-4.24%).
Market breadth was positive as 46 gainers were recorded versus 33 losers—reflecting a moderately upbeat tone amid a mix of bargain-hunting and profit-taking.
Sector performance was broadly green, led by Insurance (+2.72%), Oil & Gas (+1.32%), and Banking (+1.05%), while Consumer Goods (+0.30%), Industrial Goods (+0.25%), and Commodities (+0.07%) also advanced. #NGX Crossed N84trn as Equity Investors Gain N406bn Lafarge Africa Q2 2025: A Resilient Growth Story Backed by Sound Fundamentals
