Nigerian Exchange Expands to N75.58trn as Investors Gain N764bn
The Nigerian Exchange (NGX) expanded to N75.58 trillion as equities portfolio value grew by N764 billion on the back of a monster rally in the local bourse. The domestic exchange closed in positive territory, extending its bullish run from the previous sessions, as key market performance indicators appreciated by 1.02%.
The year-to-date return advanced to 16.4% as stock market activities continued to improve. The upward trajectory was fueled by sustained buying interest in medium- and large-scale stocks, particularly DANGSUGAR, OKOMUOIL, WAPCO, and ELLAHLAKES, among others, reflecting continued investor confidence in the bourse’s momentum.
The market index, or All-Share Index, surged by 1,211.17 basis points to close at a fresh all-time high of 119,790.82 points, representing a 1.02% increase from the previous session. Stockbrokers noted that market activities were up today in comparison to the previous day’s trade, as the total volume and total value of all trades consummated on the exchange increased by 30.77% and 10.10%, respectively.
In its market update, Atlass Portfolio Limited told investors that approximately 854.77 million units valued at ₦23,481.20 million were transacted across 21,933 deals. In terms of volume, ROYALEX led the activity chart, accounting for 13.71% of the total volume traded in the market, followed by FIDELITYBK (11.11%), ACCESSCORP (7.36%), ZENITHBANK (4.53%), and UBA (4.46%), rounding out the top five.
OKOMUOIL emerged as the most traded stock in value terms, accounting for 14.04% of the total value of trades on the exchange. DANGSUGAR, OKOMUOIL, UPDC, and BETAGLAS topped the advancers’ chart with a price appreciation of 10.00 percent each.
The top gainers were trailed by CHAMPION (+9.98%), ELLAHLAKES (+9.90%), CWG (+9.90%), NEIMETH (+9.83%), CILEASING (+9.79%), and fifty-two others. Today, twenty-two stocks depreciated, according to data from the Nigerian Exchange.
DAARCOMM was the top loser, with a price depreciation of -7.81%. Other decliners include PRESTIGE (-5.56%), ARADEL (-4.06%), FIRSTHOLDCO (-3.93%), LEGENDINT (-2.87%), and VERITASKAP (-2.00%).
At the close of the trading session, the market breadth closed positive, recording 61 gainers and 22 losers. The sectoral performance was positive, as four out of the five major market sectors closed in green.
The industrial sector grew by 3.13%, followed by the consumer goods sector, which advanced by 2.01%. The banking sector rose by 0.94%, and the insurance sector edged higher by 0.06%. The oil & gas sector recorded a loss of 1.51%. Overall, the equities market capitalisation expanded by ₦764.13 billion to settle at ₦75.58 trillion, also marking a 1.02% increase.
