NGX ASI Climbs as Equity Investors Gain N332bn
Boosted by high-cap stock, the Nigerian Exchange (NGX) extended its gain, adding 31 basis points (bps) or N332 billion to investors’ portfolio value. The all-share index (ASI) also surged as investors took positions amidst 2025 earnings release.
The surge in equity portfolio value was primarily driven by sustained interest in large cap stock, in addition to gains recorded by lightweight stocks. The market saw gains in high-cap stocks like DANGCEM, GTCO, ZENITHBANK, and 32 others, lifting the YTD returns to 6.61%.
UNIONDICON, ZICHIS, IMG, and AUSTINLAZ led the gainers’ table with a full 10% appreciation, while CUTIX and OMATEK topped the losers’ chart, shedding 10% each.
The market capitalisation, which opened at N106.162 trillion, closed at N106.494 trillion, recording a gain of 0.31 per cent or N332 billion.
Similarly, the All-Share Index rose from 165,384.64 to 165,901.57, an increase of 0.31 per cent or 516.93 points. Also, market sentiment closed bullish, with 35 gainers against 34 decliners.
Industrial and Medical Gases, Union Dicon Salt, Zichis Agro Allied Industries and Austinlaz led the gainers’ chart by 10 per cent each, closing at N34.65, N9.90, N5 06 and N4.07 per share respectively.
RT Briscoe gained by 9.95 per cent, finishing at N9.50 per share. Conversely, Cutix and Omatek Ventures led the losers’ chart by 10 per cent each, settling at N3.15 and N2.43 per share.
Also, Union Homes Real Estate Investment dropped by 9.95 per cent, ending the session at N76.90, Sunu Assurances shed by 9.94 per cent, closing at N4.62, while Deap Capital Management fell by 9.93 per cent, finishing at N7.62 per share.
A total of 736.4 million shares valued at N24.7 billion were exchanged across 46,026 transactions, compared to 762.8 million shares worth N18.4 billion that was earlier traded in 55,374 deals.
This revealed a 3.45 per cent decline in the volume, 17 per cent fall in deals and 29 per cent increase in the market value. GTCO recorded the highest volume and value, with 65.90 million shares traded at N6.53 billion.
This accounted for 8.95 per cent and 26.47 per cent of the day’s total volume and value, respectively.
Sector performance was mixed as the Banking Index rose by 132bps, supported by gains in WEMABANK, ZENITHBANK, ACCESSCORP, and GTCO, despite losses recorded in FIDELITYBK, FCMB, and UBA.
The Consumer Goods Index declined by 23bps following weakness in INTBREW and NNFM, although selected stocks such as HONYFLOUR, NASCON, MCNICHOLS, and CHAMPION closed higher.
The Oil and Gas Index slipped by 17bps on losses in ETERNA, JAPAULGOLD, and OANDO, while the Industrial Index gained 69bps, driven by strength in AUSTINLAZ, DANGCEM, and TRIPPLEG, despite a sharp decline in CUTIX. CBN Sets for N1.15trn Nigerian Treasury Bills Sales
