Equities Investors Gain N835bn as NGX Extends Rally
The equities market extended its bullish run on Tuesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing by 0.53% to close at 244,697.62 points.
At the close of the trading session, the NGX year-to-date returns improved to 57.25%, while market capitalisation gained ₦834.67 billion to settle at ₦156.94 trillion.
Despite positive market performance, breadth closed negative at 0.9x, with 31 gainers outweighed by 34 losers. Market activity was mixed, with trading volume surging 70.29% to 1.27 billion units, while transaction value dipped marginally by 0.30% to ₦58.00 billion.
A total of 56,880 deals were recorded during the session, representing a 24.38% decline from the previous trading day. STERLINGNG led the volume chart with 715.66 million units traded, while ARADEL emerged as the most valuable stock by turnover, with transactions worth ₦13.25 billion.
Leading the gainers’ chart were AIRTELAFRI, INTENEGINS, ABBEYBDS, INFINITY, and FIRSTHOLDCO, while LEARNAFRICA, TRANSEXPR, UNILEVER, NAHCO, and OKOMUOIL recorded the most significant losses during the session.
Sectoral performance was predominantly bearish, with the Consumer Goods (-0.83%), Oil & Gas (-0.14%), Industrial Goods (-0.99%), and Commodity (-0.71%) indices closing lower.
In contrast, the Banking and Insurance sectors posted gains of 1.33% and 0.24%, respectively, providing support for the broader market.
Trading activity was mixed, as the number of deals and market turnover declined by 24.38% and 0.32% to 56,956 transactions and ₦57.88 billion, respectively.
However, trading volume surged by 70.27% to 1.27 billion shares, indicating heightened participation in selected counters.
Stockbrokers expect NGX to maintain its positive momentum as investors continue to reposition their portfolios and take advantage of emerging opportunities across fundamentally attractive stocks. Global Equities Markets Diverge on US-Iran Ceasefire Setback
