UBA New Share Listing Boosts NGX Market Cap to N104.5trn
Supported by new shares listed by UBA, the Nigerian Exchange (NGX) market capitalisation climbed to N104.5 trillion, a gain of N745 billion from the previous close.
The local bourse sustained its upward trajectory, commencing the week with the All-Share Index climbing 0.58% to 163,244.69 points.
Trading details showed that market capitalisation expanded by ₦744.99 billion to ₦104.52 trillion, representing a 0.72% increase driven by the additional listing of 3.16 billion ordinary shares of United Bank for Africa Plc on the NGX today.
The bullish close was buoyed by price upticks in WAPCO (+6.00%), ARADEL (+3.73%), FIRSTHOLDCO (+5.21%), and NB (+4.00%), offsetting declines in DANGSUGAR (-2.11%) and CHAMPION (-8.51%).
Overall, market sentiment was bullish, with market breadth printing at 2.45x, as 49 gainers, jointly led by ETRANZACT (+10.00%), REDSTAREX (+10.00%), UPDC (+10.00%), DEAPCAP (+10.00%), MCNICHOLS (+10.00%), and RTBRISCOE (+10.00%), outperformed 20 laggards, which were led by CHAMPION (-8.51%).
Trading activity displayed positive trends as share volume jumped 84.17% to 1.15 billion units, transaction value increased 3.84% to ₦19.23 billion, and deal count surged 35.47% to 59,359 transactions.
SOVRENINS led the volume chart with 307.5 million units, accounting for 26.8% of total volume traded in the local bourse, while FIDELITYBK led the value chart with trades worth N3.1 billion, translating to 16.3% of total value of all listed stocks executed.
The sectoral performance was bullish, with all indices closing positive. Gains in ARADEL (+3.73%) supported the Oil & Gas (+1.49%) and Commodity (+0.79%) indices.
The Insurance (+0.88%), Banking (+0.86%), Industrial Goods (+0.81%), and Consumer Goods (+0.57%) indices followed, bolstered by demand for MANSARD (+2.46%), FIRSTHOLDCO (+5.21%), WAPCO (+6.00%), and NB (+4.00%), respectively Naira Drops at Official Window as 2026 FX Projections Emerge
