NGX Market Cap Surpasses ₦84 Trillion as Investors Eye Earnings
The Nigerian Exchange (NGX) reached a new milestone on Thursday, as its total market capitalisation exceeded ₦84 trillion.
Investor sentiment remained upbeat, adding more than ₦406 billion in value to the local bourse.
The NGX All-Share Index climbed 0.48% to settle at 133,199.99 points, pushing year-to-date returns to 29.41%. This performance was largely driven by sustained interest in value stocks, particularly in light of recent corporate earnings disclosures.
Trading activity showed signs of improvement, with the total volume of shares exchanged rising by 11.87%, while trade value jumped by 29.01%. In total, 762.11 million units of shares worth ₦21.95 billion changed hands across 22,712 executed deals.
The insurance sector led the day’s gains with a 2.72% increase, followed by Oil & Gas (+1.32%) and the banking segment (+1.05%). Other sectors also posted gains: Consumer Goods (+0.30%), Industrial Goods (+0.25%), and Commodities (+0.07%).
The surge was underpinned by continued interest in fundamentally strong medium- and large-cap equities, especially as investors positioned ahead of more corporate earnings releases.
On the volume leaderboard, JAPAULGOLD stood out, contributing 10.29% of all traded shares. It was followed closely by UBA (8.97%), ACCESSCORP (7.98%), CONHALLPLC (6.84%), and NB (5.05%).
When measured by transaction value, UBA was the most traded stock, accounting for 15.05% of total trade value.
In terms of gainers, ACADEMY, FTNCOCOA, and SOVRENINS led the pack with 10% price increases each. Other top gainers included RTBRISCOE (+9.97%), TIP (+9.97%), GUINNESS (+9.97%), OANDO (+9.96%), and LEGENDINT (+9.94%), among 37 others.
On the downside, 33 stocks closed in the red. JOHNHOLT, ABCTRANS, and UNIONDICON each fell by 10%. Other notable laggards included NEIMETH (-8.59%), HMCALL (-8.51%), BERGER (-8.15%), LIVESTOCK (-6.25%), and VERITASKAP (-4.24%).
Despite the losses, the market closed with a positive breadth, recording 46 gainers against 33 losers—signalling a relatively bullish trading session shaped by bargain hunting and calculated profit-taking.
