Investors Record N144bn Gain as Market Cap Rebounds to N90trn

The Nigerian Exchange Limited (NGX) on Thursday reclaimed N90 trillion in market capitalisation as investors gained about N144 billion.

The equity market closed in positive territory, extending its bullish momentum from the previous sessions. Key performance indicators surged by 16 basis points, while year to date return advanced to 38.22%.

The market rally was driven by investors’ sustained buying interest in stocks with positive upside potentials.

The market index or All-Share Index added 228.25 basis points, reflecting a 0.16% increase to close at 142,263.12 basis points.

Equities market capitalisation increased by N143.54 billion to close at N90.01 trillion.

Market activities inched lower as the total volume and total value of trade dropped by -67.64% and -65.86% respectively.

Approximately 325.11 million units valued at ₦8,417.72 million were transacted across 22,770 deals.

In terms of volume, ACCESSCORP led the activity chart, accounting for 11.47% of the total volume of all trades consummated in the local bourse, followed by FIDELITYBK (6.32%), NSLTECH (6.10%), VERTASKAP (4.59%), and OMATEK (4.56%), rounding out the top five.

ZENITHBANK emerged as the most traded stock in terms of value, accounting for 19.10% of the total value of all trades on the exchange.

GUINNESS topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by EUNISELL (+9.89%), REGALINS (+9.82%), THOMASWY (+9.80%), MCNICHOLS (+9.58%), GUINEAINS (+9.40%) and twenty-four others.

Twenty stocks depreciated, according to trading data from the Nigerian bourse. CONHALLPLC was the top loser, with a price depreciation of -7.59%, trailed by TIP (-7.48%), NEIMETH (-2.71%), ELLAHLAKES (-2.61%), ZENITHBANK (-1.42%), and OANDO (-0.51%).

Sectoral performance closed in a mix, with declines in Banking (-0.23%) and Insurance (-1.07%), while the Consumer Goods (+0.75%), Oil & Gas (+0.28%), Industrial (+0.01%), and Commodity (+0.16%) sectors increased.