Equities Investors Gain N179bn as Nigerian Bourse Rally
Equities investors gained about N179 billion in a last-moment rally on the Nigerian Exchange (NGX) platform on Friday. The positive price movement boosted the NGX market capitalisation, and lifted the year-to-date return.
The local bourse closed positive, with key market performance indicators appreciating by 0.20%. The All-Share Index added 281.30 basis points in today’s trading session to close at 143,520.53.
The stock market capitalisation expanded by ₦178.91 billion, representing a growth of 0.20%, settling at ₦91.28 trillion. The uptick was propelled by renewed buying interest in medium and large cap stocks with good fundamentals, such as UBA, TRANSCORP, WAPCO, UACN, among others across major sectors.
However, despite the positive close for the day, the overall market posted a bearish performance on a week-on-week basis as NGX-ASI shed -0.14%, while investors’ wealth also declined by approximately ₦129 billion.
Trading activity surged dramatically as share volume spiked 462.83% to 1.83 billion units, transaction value increased 53.49% to ₦20.03 billion, and deal count rose 12.64% to 20,645 transactions.
This robust liquidity expansion signals heightened institutional engagement and renewed investor interest in larger block trades.
ACCESSCORP emerged the most traded stock, accounting for 18.55% of all volume transacted, followed by ELLAHLAKES (14.86%), CONHALLPLC (10.62%), UBA (4.75%), and UNIVINSURE with 3.00%.
Also, ACCESSCORP topped value chart, accounting for 15.97% of the total value of all trades executed in the local bourse – the highest traded on the exchange.
IKEJAHOTEL led gainers chart, up by +10.00%, followed by NGXGROUP (+9.98%), ACADEMY (+9.70%), OMATEK (+9.35%), CADBURY (+8.63%), NSLTECH (+6.67%), and twenty-seven others.
A total of twenty-one stocks depreciated, according to trading records from the Nigerian bourse. With a price depreciation of -10.00%, ABBEYBDS topped the worst performers’ chart, followed by MEYER (-9.97%), SUNUASSUR (-9.89%), SOVRENINS (-9.09%), LINKASSURE (-8.02%), and CILEASING (-46.77%).
Hence, the market breadth closed on a positive note, as there were 33 gainers and 21 losers. Sectoral performance was mixed: Consumer Goods dominated with a 0.57% gain, supported by Banking (+0.25%) and Industrial (+0.13%). However, Insurance (-2.29%) and Oil & Gas (-0.19%) declined, while commodities remained unchanged. Equities Investors Gain N179bn as Nigerian Bourse Rally
