Investors Gain N1.9trn as Sectoral Indexes Close Positive
Equities investors gained about N1.9 trillion in a sweep as oil and gas, industrial indexes led the rally that lifted the Nigerian Exchange (NGX) All Share Index (ASI) by 165 basis points.
The domestic equities market extended its bullish momentum, with the NGX-ASI advancing by +1.65% to close at 176,809.42 index points.
This uptrend was driven by gains recorded in heavyweight tickers such as WAPCO (+9.95%), ARADEL (+7.14%), ACCESSCORP (+3.88%), MTNN (+3.71%), and ZENITHBANK (+2.42%), among others.
These gains offset losses recorded in SKYAVN (-9.06%), FCMB (-2.16%), OANDO (-2.13%), TRANSCORP (-1.96%), and FIDSON (-1.51%), among others.
The market recorded a turnover of ₦50.42 billion, as 1.30 billion shares exchanged hands in 58,965 deals, reflecting solid liquidity and continued investor confidence.
Month-to-date (MTD) and Year-to-date (YTD) returns improved to +6.92% and +13.62%, respectively, further reinforcing the notion of sustained investor optimism and the market’s resilience.
In terms of Volume DEAPCAP came top with 283.12 million units transacted, followed by ACCESSCORP 135.53 million, VERITASKAP 67.30 million, and TANTALIZER 54.73 million.
Heavyweight stocks, including MTNN, led the value chart (₦6.80 billion) followed by GTCO (₦4.60 billion), ZENITHBANK (₦3.95 billion), and ARADEL (₦3.82 billion).
Market breadth was strong, with 65 stocks recording gains against 22 decliners. JOHNHOLT, ETRANZACT, OMATEK and DEAPCAP led the gainers’ chart with 10.0% price appreciation apiece, while ABBEYBDS emerged as the worst performer, shedding 9.8%.
Trading activity was robust, as DEAPCAP topped the volume chart with 283.1m shares exchanged, while MTNN led the value chart with ₦6.8b worth of trades.
Sectoral performance was broadly bullish across the board. The Banking Index rose by 183bps, supported by gains in WEMABANK, FIDELITYBK, ACCESSCORP, UBA, ZENITHBANK, GTCO, and STANBIC, although FCMB closed lower.
The Consumer Index posted a modest 18bps gain, driven by strong rallies in VITAFOAM, PZ, HONYFLOUR, CADBURY, and DANGSUGAR, while CHAMPION and INTBREW declined.
The Oil & Gas Index recorded the strongest sectoral performance, rising 297bps on the back of price appreciation in ARADEL, JAPAULGOLD, and ETERNA, despite losses in OANDO.
Similarly, the Industrial Index gained 293bps, underpinned by notable advances in WAPCO and BUACEMENT. Nigerian Treasury Bill Yield Dips to 18.18% Ahead of Auction
