Nigerian Exchange Hits N68trn as Investors Gain N842bn

The equities market capitalisation of the Nigerian Exchange (NGX)  hit N68 trillion as investors gained more than N842 billion on the day. The Nigerian market closed trading activities for today on a bullish note, as key market performance indicators surged by 1.25%.

The push experienced came from strong buying interest across major market sectors, particularly the Industrial sector. The Nigerian Exchange All-Share Index increased by 1,349.29 basis points today, representing a rise of 1.25% to close at 109,171.82.

However, the market activities were down as the total volume and total value traded on the Exchange dropped by 7.59% and 10.14% respectively.  In a note, Atlass Portfolios Limited told investors that approximately 427.08 million units valued at ₦9,196.04 million were transacted across 16,342 deals.

In terms of volume, UNIVINSURE led the activity chart, accounting for 5.63% of the total volume traded in the market. Other volume drivers include WEMABANK (5.50%), STERLINGNG (5.32%), AIICO (4.81%), and FIDELITYBK (4.43%), rounding out the top five.

ZENITHBANK emerged as the most traded stock in value terms, accounting for 9.18% of the total transactions value on the exchange. DANGCEM, REGALINS and SUNUASSUR topped the advancers’ chart for today with a price appreciation of 10.00 percent each.

Other gainers include HMCALL (+9.98%), PZ (+9.96%), HONYFLOUR (+9.95%), UPDC (+9.90%), VFDGROUP (+9.85%) and twenty-six others. Twenty-four stocks depreciated, according to trading details from the Nigerian Exchange.

GOLDBREW was the top loser, with a price depreciation of -9.91%. Other decliners include ETERNA (-6.57%), MANSARD (-3.58%), FTNCOCOA (-2.22%), UCAP (-1.95%), and ELLAHLAKES (-1.75%).

Today, the market breadth closed positive, recording 34 gainers and 24 losers. In addition, the market sectoral performance was positive, as four of the five major market sectors were up.

The Industrial sector grew by 4.66%, followed by the Banking sector which climbed by 0.59%; the Consumer goods sector surged by 0.44%, and the Insurance sector grew by 0.07%. The Oil & Gas sector was down by 0.23%.

Overall, the equities market capitalisation of the Nigerian Exchange climbed by ₦842.01 billion to close at ₦68.12 trillion. #Nigerian Exchange Hits N68trn as Investors Gain N842bn OPEC Downgrades 2025 Forecast for U.S. OilThe post Nigerian Exchange Hits N68trn as Investors Gain N842bn appeared first on MarketForces Africa.