Equities Investors Gain N338bn, NGX Market Cap Crossed N66trn
The Nigerian Exchange (NGX) crossed N66 trillion in market capitalisation as investors saw more than N338 billion in gains in the latest rally on Wednesday. The stock market closed trading activities in the green due to improved sentiment driven by the first quarter of 2025 earnings festival.
The renewed hunting for growth and value stocks in the local bourse pushed key market performance indicators upward by 0.51%. Reflecting an improved sentiment, the local bourse witnessed strong buying interest in some major market sectors, particularly the banking and consumer goods sectors.
This marks the second consecutive session of gains, propelling the market index above the 105,000 mark and lifting equities market capitalisation above its previous threshold.
The NGX All-Share Index increased by 538.69 basis points today, representing a rise of 0.51% to close at 105,283.67. Stockbrokers reported that the market activities were up, as the total volume and total value of trades on the exchange surged by 110.82% and 154.12%.
In its note, Atlass Portfolios Limited told investors that approximately 744.80 million units valued at ₦18,284.40 million were transacted across 11,226 deals. In terms of volume, FIDELITYBK led the activity chart, accounting for 52.60% of the total volume traded, followed by GTCO (6.36%), UNIVINSURE (5.67%), ACCESSCORP (4.13%), and TANTALIZER (3.10%), rounding out the top five.
FIDELITYBK also emerged as the most traded stock in value terms, accounting for 42.51% of the total value of all transactions conducted on the exchange. ABCTRANS topped the advancers’ chart with a price appreciation of 9.86 percent, trailed by VFDGROUP (+9.62%), LEARNAFRCA (+9.54%), REGALINS (+9.43%), AFRIPRUD (+8.63%), OMATEK (+8.62%), and twenty-seven others.
Sixteen stocks depreciated, according to data obtained from the Nigerian bourse. TRIPPLEG was the top loser, with a price depreciation of -10.00%. Other decliners include MRS (-9.95%), JOHNHOLT (-9.68%), CONHALLPLC (-4.76%), LIVESTOCK (-4.32%), and MTNN (-1.24%).
Today, the market breadth closed positive, recording 33 gainers and 16 losers. Nevertheless, the market sectoral performance was negative, as three of the five major market sectors were down.
The insurance sector dropped by 0.81%, followed by the oil & gas sector, which dipped by 0.09%, and the industrial sector, which fell by 0.02%. The banking and consumer goods sectors recorded a gain of 2.93% and 1.25%, respectively.
Overall, the equities market capitalisation of the Nigerian Exchange rose by ₦338.49 billion to close at ₦66.16 trillion. #Equities Investors Gain N338bn, NGX Market Cap Crossed N66trn First Holdco Falls below N1 Trillion in Equities Market
