Nigerian Exchange Index Climbs as Investors Gain N203bn
The Nigerian Exchange All Share Index maintained an uptrend, with bullish sentiments dominating transactions in the local bourse for the second trading session in the new week.
Trading data revealed that the market index climbed by 0.23%, closing at 141761.36 points, while market capitalization surged by ₦203.48 billion to ₦89.69 trillion, increasing the year-to-date (YTD) return to 37.73%.
Stockbrokers said positive movement in the equity market was largely driven by buying interest in GTCO, INTBREW, and ZENITHBANK, though trading activity weakened.
The NGX update revealed that trading volume in the local bourse rose by 2.43% to 585 million units, and the total transaction value reached ₦12 billion across 27667 deals.
Despite negative breadth, the bourse uptrend was fueled by investors’ sustained buying interest across key sectors, supported by notable price gains in some medium- and large-scale stocks.
In terms of volume, FCMB led the activity chart, accounting for 14.81% of the total volume of all trades executed, followed by VERITASKAP (11.36%), AIICO (6.00%), NSLTECH (4.53%), and MBENEFIT (3.90%), rounding out the top five.
WAPCO emerged as the most traded stock in value terms, accounting for 12.72% of the total value of trades on the exchange.
NCR topped the advancers’ chart for today with a price appreciation of 10.00 percent, trailed by BERGER (+9.06%), BETAGLAS (+8.16%), CADBURY (+8.04%), SOVRENINS (+7.55%), CHAMS (+6.92%), and twenty others.
Thirty-three stocks depreciated, according to data from the Nigerian Exchange. LEGENDINT was the top loser, with a price depreciation of -10.00%, trailed by CUTIX (-8.97%), FTNCOCOA (-7.29%), ELLAHLAKES (-3.16%), JAPAULGOLD (-1.75%), and WEMABANK (-0.43%).
Today, market breadth closed negative, recording 26 gainers and 33 losers. Sectoral performance was largely positive, with gains recorded in banking (+0.73%), consumer goods (+0.48%), oil & gas (+0.48%), and industrial (+0.09%) sectors. Conversely, the insurance sector declined by 0.18%, while the commodity sector remained unchanged. # Nigerian Exchange Index Climbs as Investors Gain N203bn
