Nigerian Exchange Tops N132trn as ETI, Stanbic IBTC Rally
The Nigerian Exchange (NGX) market capitalisation surpassed N132 trillion as Ecobank Transnational Incorporation (ETI), Stanbic IBTC led today’s rally.
The Nigerian equities market ended Tuesday on a bullish note, with the All-Share Index (ASI) rising by 0.66% to close at 205,831.38 points, bringing the year-to-date return to 32.27%.
In line with the benchmark’s performance, market capitalisation also grew by 0.66%, gaining ₦865 billion to settle at ₦132.49 trillion. Investor sentiment remained largely positive, as market breadth closed with 40 gainers against 21 decliners.
On the gainers’ chart, ETI, STANBIC, NGXGROUP, CORNERST, and MECURE Plc led the pack, while FTGINSURE, MCNICHOLS, ACADEMY, INTENEGINS, and GUINEAINS recorded the steepest losses.
Sectoral performance was strongly positive: the Banking, Insurance, Consumer Goods, Oil & Gas, Industrial Goods, and Commodity sectors rose by 1.97%, 0.65%, 0.14%, 4.26%, 0.71%, and 2.65%, respectively.
Trading activity was largely subdued, as total deals and traded value declined by 24.70% and 0.61% to 45,777 deals and ₦32.25 billion. However, trading volume increased significantly by 21.12% to 569.31 million units. GTCO Gains as 2025 Dividend, Payout Ratio Attract Investors
