Equity Investors Gain N823bn, NGX Market Cap Surpasses N83Tn
The equity segment of the Nigerian Exchange (NGX) hits fresh highs over an untamed rally that pushed the local bourse market capitalisation above N83 trillion. The Lagos bourse sustained its bullish momentum this week, as the NGX All-Share Index (ASI) advanced by 1.00% to close at 131,585.66 points.
This robust performance lifted the year-to-date (YTD) return to 27.84%, underpinned by persistent investor optimism and growing confidence in the resilience of the domestic bourse.
The market capitalization also recorded a substantial increase of N823 billion, settling at N83.24 trillion—signaling improved market liquidity and strong appetite for fundamentally sound equities.
Details from the Nigerian Exchange showed that trading activities inched up as the total volume and total value of all trades consummated on in the market increased by 183.86% and 47.50%, respectively.
Stockbrokers reported that approximately 3,347.71 million units valued at N62,388.38 million were transacted across 28,593 deals.
In terms of volume, FCMB led the activity chart, accounting for 59.43% of the total volume of trades, followed by ACCESSCORP (5.16%), CHAMS (4.20%), ZENITHBANK (2.30%), and AIICO (2.24%), rounding out the top five.
FCMB also emerged as the most traded stock in value terms, accounting for 31.93% of the total value of trades on the exchange.
LEARNAFRCA, NCR, and UPDC topped the advancers’ chart with a price appreciation of 10.00 percent each, trailed by BUACEMENT (+9.98%), ELLAHLAKES (+9.98%), FTNCOCOA (+9.97%), CAVERTON (+9.86%), JAPAULGOLD (+9.85%), and thirty-eight others.
Twenty-five stocks depreciated, according to data obtained from the Nigerian market. REDSTAREX was the top loser, with a price depreciation of -9.97%. Other decliners include ACADEMY (-6.67%), STERLINGNG (-4.34%), FIRSTHOLDCO (-4.10%), ZENITHBANK (-4.00%), and NB (-1.33%), which also dipped in price.
The market breadth remained positive, with 46 gainers outpacing 25 decliners, indicating that while some investors engaged in profit-taking, bullish sentiment remained dominant across the board.
Sectoral performance was largely upbeat, driven by renewed buying interest. The industrial goods sector led the advance, climbing 5.60%, followed by the consumer goods (+1.22%), insurance (+0.59%), and commodities (+0.25%) sectors. In contrast, the banking sector shed 1.08%, reflecting sector-specific pressures, while the oil & gas sector closed flat. Exchange Rates Gap Collapses as Naira Falls to N1,533
