Nigerian Exchange Hits Historic High as Investors Gain ₦152.54 Billion

The Nigerian Exchange (NGX) All-Share Index reached an unprecedented high in today’s trading session, with investors recording substantial gains of approximately ₦152.54 billion.

The market maintained its upward trajectory, driven by strong investor interest in both large- and mid-cap stocks across various sectors.

Trading data revealed that key performance indicators expanded by 0.22% as investors strategically positioned themselves in promising stocks. The insurance sector demonstrated particular strength, leading sectoral performance with an impressive 1.10% daily gain.

The market index advanced by 242.50 basis points during the session, representing a 0.22% increase to close at a record high of 109,710.14 points. Despite this positive movement, overall market activity decreased, with total trading volume and value declining by 41.25% and 38.52%, respectively.

According to Atlas Portfolios Limited, approximately 428.83 million units valued at ₦8,533.01 million changed hands across 16,338 deals.

ACCESSCORP dominated the volume charts, accounting for 7.48% of total traded volume, followed by GTCO (7.21%), AIICO (6.75%), UNIVINSURE (5.84%), and CHAMS (5.56%). Meanwhile, GTCO led in value terms, representing 24.45% of the total value traded on the exchange.

The day’s top performers included HONYFLOUR, CHAMPION, TRANSEXPR, and NNFM, each posting maximum gains of 10.00%. Other significant advancers were BETAGLAS (+9.99%), LASACO (+9.91%), MCNICHOLS (+9.84%), and NEIMETH (+9.79%), along with 27 additional stocks.

Conversely, 20 stocks recorded price decreases. INTENEGINS experienced the largest decline at -9.57%, followed by MULTIVERSE (-9.55%), REGALINS (-6.78%), TANTALIZER (-3.36%), and VERITASKAP (-1.87%).

The market breadth finished positive with 36 gainers versus 20 losers. Sectoral performance was largely favourable, with four of the five major sectors advancing: insurance (+1.10%), consumer goods (+0.46%), banking (+0.44%), and industrial (+0.43%). Only the oil & gas sector registered a decline of 0.18%.

By session’s end, the total market capitalisation of listed equities on the Nigerian Exchange rose to ₦68.95 trillion, reflecting the day’s 0.22% growth.