NGX Sees N228 Billion Gain as Capitalization Reaches N66.7 Trillion

The Nigerian Exchange (NGX) began the week on a positive note. On Monday, its market capitalization rose to approximately ₦66.7 trillion, with investors gaining over ₦228 billion in the latest rally.

The market’s year-to-date return improved as key performance indicators advanced by 34 basis points.

This upward trend was driven by renewed investor interest in moderately priced stocks across major market sectors, as traders responded strongly to first-quarter earnings reports.

The All-Share Index rose 363.13 points to close at 106,116.18, reflecting continued strategic position-taking that began with strong momentum. Trading activity showed mixed results, with total trading volume increasing by 16.94% while total value decreased by 39.97%.

According to Atlas Portfolios Limited, approximately 500.29 million shares valued at ₦12,110.98 million changed hands across 17,637 transactions.

ACCESSCORP led in trading volume, representing 12.17% of the total market volume, followed by FIDELITYBK (11.22%), UBA (6.90%), GTCO (6.70%), and NB (5.66%). In value terms, GTCO dominated trading, accounting for 18.02% of the total value traded on the exchange.

The day’s top gainer was INTBREW, with a 10.00% price increase, followed by LEGENDINT (+9.97%), CADBURY (+9.96%), FIDSON (+9.95%), ETERNA (+9.90%), and ABCTRANS (+9.62%), along with forty-one other advancing stocks.

Sixteen stocks declined in value, with LIVESTOCK experiencing the largest drop at 10.00%. Other notable decliners included ARADEL (-9.86%), JOHNHOLT (-7.94%), LINKASSURE (-6.15%), MBENEFIT (-5.49%), and FIRSTHOLDCO (-1.60%).

The market breadth finished positive, with 47 gainers against 16 losers. Sectoral performance was largely favorable, with four of the five major sectors advancing: Consumer Goods (+2.38%), Banking (+1.31%), Insurance (+0.32%), and Industrial (+0.31%). Only the Oil & Gas sector recorded a decline (-2.87%).

By the end of the day, the NGX equities market capitalization had increased by ₦228.21 billion to close at ₦66.69 trillion.