NGX Market Cap Tops N127trn as Investors Gain N962bn
The Nigerian Exchange (NGX) market capitalisation topped N127 trillion on Friday, as equity investors recorded a gain of about N962 billion from trades executed on the platform.
The local bourse also closed positively in today’s market rendition, driven by sustained demand in BUACEMENT (+9.18%), alongside WAPCO (+4.85%) and ZENITHBANK (+3.01%).
The market index, or All-Share Index, advanced 0.76% to 198,407.30 points, pushing the year-to-date return to 27.50%. Market capitalisation similarly expanded by 0.76%, adding ₦961.92 billion to ₦127.36 trillion.
Trading metrics showed divergent results: transaction value tumbled 21.76% to ₦35 billion, while deal count decreased 4.33% to 53,066 transactions, and share volume rose 7.51% to 591 million units.
Market breadth was robust, printing at 1.70x, as the session produced more gainers (34) than losers (20). Overall, GUINNESS (+10.00%), ROYALEX (+10.00%), and UPL (+10.00%) emerged as the market’s top performers, while sell pressure in RTBRISCOE (-9.17%) made the counter the worst performer today.
Sectoral activity was mixed: Industrial led gains with a 3.06% rally, followed by Banking climbing 0.84%, Consumer Goods increasing 0.51%, and Oil & Gas edging up 0.08%. In contrast, Insurance declined 0.50%, while Commodity remained unchanged. #NGX Market Cap Tops N127trn as Investors Gain N962bn Zenith Bank Sees Gain on Huge Trading Volume
