NGX Return Hits 35.89% as Equity Investors Gain N364bn
The Nigerian Exchange (NGX) delivered a year-to-date return of 35.89% as equity investors portfolio value increased by N364 billion on Thursday, the last trading session for July.
The stock market extended its bullish momentum as the All-Share Index (ASI) rose by 0.42% to close at 139,863.52 points, lifting the year-to-date (YTD) return to 35.89%. Stockbrokers said the upward trajectory reflects sustained investor optimism and deepening confidence in the resilience of market fundamentals.
Consequently, market capitalisation gained ₦364.55 billion to settle at ₦88.42 trillion, buoyed by ample liquidity and strong demand for risk assets. Despite the overall market strength, investor sentiment was somewhat mixed, as indicated by the negative market breadth—28 stocks advanced, while 54 declined—amid a blend of bargain hunting and profit-taking activities.
Despite a significant negative breadth driven by profit-taking in some recently appreciated stocks, bargain hunting in some large and medium-cap equities such as WEMABANK, GUINNESS, DANGCEM, ARADEL, and 22 other counters, helped sustain the ongoing rally.
Trading activities in the stock market ended on a mixed note as the total volume of all trades consummated increased by +20.97%, while the total value of executed trades declined by -3.92%.
In its note, Atlass Portfolio Limited told investors that approximately 1,095.67 million units valued at ₦32,834.20 million were transacted across 36,890 deals.
In terms of volume, FCMB led the activity chart, accounting for 11.05% of the total volume of all trades closed on the NGX, followed by UNIVINSURE (8.32%), FIDELITYBK (7.37%), REGALINS (5.87%), and ROYALEX (4.28%), rounding out the top five.
WAPCO emerged as the most traded stock in value terms, accounting for 10.72% of the total value of transaction on the exchange. WEMABANK and UACN topped the advancers’ chart for today with a price appreciation of 10.00 percent each.
The gainers were trailed by GUINNESS (+9.96%), SKYAVN (+9.95%), MECURE (+9.69%), MULTIVERSE (+9.60%), CUSTODIAN (+9.09%) and twenty-one others.
Fifty-four stocks depreciated, according to stockbrokers, citing data obtained from the Nigerian Exchange. MANSARD, FTNCOCOA, LEARNAFRCA, and TIP were the top losers, with a price depreciation of -10.00% each. Other decliners include HMCALL (-9.94%), LEGENDINT (-9.40%), FIRSTHOLDCO (-7.59%), CORNERST (- 5.93%), and ETERNA (-5.44%).
Today, market breadth closed negative, recording 28 gainers and 54 losers. Sectoral performance leaned positive, with the Banking (+0.08%), Oil & Gas (+0.94%), Industrial Goods (+1.35%), and Commodities (+0.52%) sectors all closing in the green.
Conversely, the Insurance and Consumer Goods sectors declined by 4.31% and 0.02%, respectively. Meanwhile, market activity remained upbeat. #NGX Return Hits 35.89% as Equity Investors Gain N364bn NGX Index Rises Sharply on Earnings-Fueled Intraday Rally
