Nigerian Exchange Index Hits All-time High in Explosive Rally
The Nigerian Exchange (NGX) All-share index hit an all-time high in an explosive rally bolstered by first quarter of 2025 earnings and dividends. Investors’ sentiment reached the peak, heating up demand for growth, value or relatively under-priced stocks in the local bourse.
The year to date market return keeps uptrend while key market performance indicators advanced by 0.35% on the day. According to Atlass Portfolios Limited, the bullish performance was driven by sustained buying interest in medium and large-scale stocks across major market sectors.
The market index or All-Share Index increased by 382.13 basis points today, to close at a new all-time high of 109,231.96 points. The strong indicators underscores the market’s resilience and the prevailing optimism among investors.
Nevertheless, market activities were down, as the total volume and total value of all trades conducted in the market reduced by 5.69% and 23.11% respectively.
In its note, Atlass Portfolios Limited told investors that approximately 554.07 million units valued at ₦14,347.72 million were transacted across 16,704 deals.
In terms of volume, FIDELITYBK led the activity chart, accounting for 12.61% of the total volume of all trades, followed by ACCESSCORP (11.89%), TANTALIZER (9.96%), GTCO (8.31%), and FIRSTHOLDCO (4.11%), rounding out the top five. GTCO emerged as the most traded stock in value terms, accounting for 21.66% of the total value of all trades consummated on the exchange.
CHELLERAM and BETAGLAS topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by INTENEGINS (+9.93%), MAYBAKER (+9.78%), ACADEMY (+9.78%), UPL (+9.77%), SUNUASSUR (+9.63%) and thirty-one others.
Stockbrokers reported that twenty-one stocks depreciated in the domestic trading platform of the Nigerian Exchange. ABBEYBDS was the top loser, with a price depreciation of -10.00%. Other decliners include LIVESTOCK (-9.77%), VFDGROUP (-5.88%), TANTALIZER (-5.74%), NB (-5.67%), and MANSARD (-4.00%).
Data from the NGX revealed that the market breadth closed positive, recording 38 gainers and 21 losers. Also, sectoral performance was positive, as three of the five major market sectors inched higher, led by the Banking sector, which grew by 1.02%.
The Industrial sector rose by 0.98% and the Insurance sector climbed by 0.33%. The Oil & Gas and Consumer goods sectors recorded a loss of 1.35% and 1.34% respectively.
Overall, the equities market capitalisation of the Nigerian Exchange appreciated by ₦240.15 billion to settle at ₦68.65 trillion. #Nigerian Exchange Index Hits All-time High in Explosive Rally Nigerian Exchange Slumps as Equities Investors Lose N455bn