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    NGX Index, Market Cap Rise by N344bn as Stanbic, BUA Rally

    Julius AlagbeBy No Comments2 Mins Read
    NGX Index, Market Cap Rise by N344bn as Stanbic, BUA Rally

    NGX Index, Market Cap Rise by N344bn as Stanbic, BUA Rally

    The equities market closed on a positive note on Friday, with the Nigerian Exchange (NGX) All-Share Index (ASI) gaining 0.22% to settle at 249,712.37 points.

    The positive price movement lifted the domestic bourse year-to-date return to +60.47% and added ₦344.23 billion to market capitalisation, which closed at ₦160.08 trillion.

    NGX was upbeat on the back of buying interest in BUACEMENT (+1.45%), NB (+2.87%), and STANBIC (+2.65%), pushing the benchmark index higher by 0.22%.

    Market breadth was positive, printing at 1.11x, as the session produced more gainers (30) than losers (27). Overall, ALEX (+10.00%) and DAARCOMM (+10.00%) emerged as the market’s top performers, while TRANSEXPR (-9.92%) led the laggards.

    FIDELITYBK led both the volume and value charts with 198.1 million units (27.8% of total volume) worth N4.6 billion (15.80% of total value).

    Trading activity softened across the board, with volume, turnover, and deal count declining 32.76%, 6.08%, and 0.10% to 711.86 million shares, ₦28.08 billion, and 62,386 transactions, respectively.

    Sectoral performance was mixed, as Industrial (+0.53%), Consumer Goods (+0.28%), Banking (+0.25%), and Oil & Gas (+0.18%) all finished in positive territory, while Insurance (-0.18%) weighed on the index, and the Commodity sector ended flat.

    Stockbrokers said they expect the equities market to sustain its bullish tone, underpinned by renewed investor confidence and ongoing portfolio readjustment. #NGX Index, Market Cap Rise by N344bn as Stanbic, BUA Rally Heirs Insurance Launches Multi-Language GenAI Assistant

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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