Seplat, MTN Nigeria Drive NGX Rally, Investors Gain N1.27trn
Boosted by gains in Seplat and MTN Nigeria, the Nigerian Exchange (NGX) maintained its positive trajectory on Thursday, with the All-Share Index advancing 1.18% to 170,005.36 points.
Data from the local bourse showed that the equities market capitalisation edged higher by 1.18%, adding ₦1.27 trillion to reach ₦109.13 trillion. Bullish sentiments persisted in the domestic equities market, driven by gains recorded in heavyweight tickers.
Today’s top gainers include SEPLAT (+10.00%), JBERGER (+5.00%), VITAFOAM (+4.82%), DANGSUGAR (+3.69%), and MTNN (+3.65%), among others.
Stockbrokers reported price depreciations in DEAPCAP (-9.62%), CWG (-2.60%), ELLAHLAKES (-1.67%), WEMABANK (-1.19%), and ZENITHBANK (-0.27%), among others.
The market recorded a turnover of ₦22.26 billion, as 712.98 million shares exchanged hands in 46,104 deals, reflecting solid liquidity and continued investor confidence.
Trading activity strengthened across the board—share volume increased 2.62% to 712.98 million units, transaction value grew 8.23% to ₦22.26 billion, and deal count rose 9.52% to 46,104 transactions.
In terms of trading volume, ACCESSCORP came top with 106.63 million, followed by CHAMS 44.50 million, CHAMPION 44.46 million, and UNIVINSURE 34.82 million
GEREGU topped trading value in the market with ₦2.80 billion, followed by ACCESSCORP (₦2.45 billion), SEPLAT (₦1.81 billion), and ZENITHBANK (₦1.63 billion).
Sectoral performance was predominantly positive: Oil & Gas topped gains with a 4.68% surge, followed by Commodity climbing 2.52%, Industrial rising 0.79%, Banking gaining 0.64%, and Consumer Goods edging up 0.11%. Conversely, Insurance fell 0.31%.
Market breadth was strongly bullish at 3x, with 55 advancing stocks surpassing 19 declining counters. CORONATION, SEPLAT, PRESTIGE, RTBRISCOE, and NEIMETH led the gainers, while DEAPCAP, UNIVINSURE, HMCALL, REDSTAREX, and UPDC suffered the steepest declines. BUA Foods Profit Soars by 91% to N508 Billion in FY2025
