Nigerian Exchange Hits N125trn, Investors Gain N1.3trn
The Nigerian Exchange (NGX) closed the week on a positive note, as key market performance indicators rose by 0.99%. The market rally was driven primarily by continued buying interest amid positive trading momentum in medium and large-cap stocks across key market sectors.
The Insurance and Industrial goods sectors contributed the most to performance, gaining 2.52% and 2.28%, respectively. Specifically, the market index added 1,916.20 basis points in today’s trading session, reflecting a 0.99% increase to close at 194,989.77.
Stock market capitalisation surged by ₦1,299.10 billion to close at ₦125.16 trillion. Total Volume of all trades executed in the local bourse and their total Value traded declined by -8.68% and -26.38% respectively.
Stockbrokers reported that approximately 820.51 million units valued at ₦28,325.45 million were transacted across 63,507 deals.
MBENEFIT, accounting for 9.70% of trading volume, emerged as the most traded, followed by ZENITHBANK (5.40%), CHAMS (5.39%), AIICO (5.20%), and VERITASKAP (4.42%). In terms of value traded, ZENITHBANK accounted for 13.42% of total trade, making it the most traded on the exchange.
FIDSON, JAIZBANK, NPFMCRFBK topped gainer charts, gained +10.00% each, then trailed by DEAPCAP (+9.96%), ZICHIS (+9.94%), MBENEFIT (+9.94%), CUSTODIAN (+9.94%), FTNCOCOA (+9.91%), and forty-five others.
A total of twenty-two stocks depreciated. With a price depreciation of–10.00%, NSLTECH topped the worst performers’ chart, followed by SOVRENINS (-9.73%), ELLAHLAKES (-7.91%), INTENEGINS (-5.56%), ABCTRANS (-5.26%), and LEARNAFRICA (-4.26%).
Hence, the market breadth closed on a positive note, with 53 gainers and 22 losers. Sectoral activity was largely bullish, according to details from the Nigerian bourse.
The insurance index led gains with a 2.52% rally, followed by the Industrial index, which increased by 2.28%. The banking index advanced by 1.43%; the consumer Goods climbed by 1.23%, and Oil & Gas edged up 0.05%. Conversely, the Commodity sector remained unchanged. Oando Drops Hints on Tranche 2 Shares Distribution
