Nigerian Exchange Grows by N1.29tn on Fresh Rally, New Listing
Equity investors’ portfolio value expanded by about N1.29 trillion on Tuesday on a fresh rally, with new shares listed on the Nigerian Exchange (NGX) market.
The market expansion followed the listing of 181.6 million and 5.38 billion ordinary shares of IMG (Industrial and Medical Gases Plc) and ETI (Ecobank Transnational Incorporated), respectively.
The seller market was put on hold as investors sentiment was bolstered by Nigeria’s economic growth of about 4% in the third quarter of 2025 with investors showing interest in some oversold stocks.
The Nigerian Exchange All-Share Index rose by 1.21% or 1,718.03 basis points to close at 144,928.36 while Market capitalization gained ₦1,287 trillion, representing an increase of 1.41%, settling at ₦92.37 trillion.
The disparity between the indicator performances was due to the listing of Industrial and Medical Gases Plc’s 181,621,214 Ordinary Shares of 50kobo each at N32 per share, on the exchange today.
The market index rebound was primarily triggered by investors’ bargain hunting in recently moderated stocks as well as renewed buying interest in selective stocks.
Trading activity showed divergent trends as share volume declined 58.65% to 606.25 million units and deal count fell 48.92% to 14,791 transactions. However, transaction value surged 112.64% to ₦39.69 billion, indicating heightened high value trades despite reduced overall market participation.
ACCESSCORP lead volume chart, accounting for 51.80% of all trading volume, followed by ZENITHBANK (6.73%), FIDELITYBK (6.37%), FCMB (3.53%), and GTCO with 3.47%.
Also, ACCESSCORP topped value chart, accounting for 37.36% of the total value of all trades executed in the local bourse – the highest traded on the exchange.
DANGCEM topped gainers chart, up by +9.99%, closely followed by NCR (+9.98%), INTEBREW (+9.66%), LIVESTOCK (+8.33%), DAARCOMM (+8.14%), GUINNESS (+7.78%), and twenty others.
A total of twenty stocks depreciated, trading details from the Nigerian Exchange revealed. With a price depreciation of -9.92%, IKEJAHOTEL topped the worst performers’ chart, followed by LEGENDINT (-9.91%), LIVINGTRUST (-9.78%), WAPIC (-6.72%), FTNCOCOA (-5.10%), and MAYBAKER (-4.99%).
Hence, the market breadth closed on a positive note, as there were 26 gainers and 20 losers. Sectoral performance was largely positive: Industrial surged 4.30%, trailed by Consumer Goods (+1.08%), Banking (+0.19%), Insurance (+0.16%), and Oil & Gas (+0.02%), while Commodity closed flat.
