NGX ASI rises by 13bps, investors gain ₦76.69bn

Extending its winning streak for the sixth consecutive session, the Lagos bourse maintained the positive momentum as the benchmark index closed 0.13% stronger to close at 100,050.94 points, the highest point since 25 July 2024. Gains in GTCO (+0.96%), STANBIC (+3.70%), and STERLINGNG (+0.20%) contributed to keep the market in the green. Consequently, the ASI year-to-date  return rose to 33.80%, while market capitalization gained ₦76.69bn to close at ₦60.65trn.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 33.39% and total of 478.08bn shares valued at ₦22.51bn. ETRANZACT (+0.00%) led the volume chart with 70.23m units traded while TRANSCOHOT (+0.00%)  led the value chart in deals worth ₦7.42bn
Market breadth closed negative at a 0.81-to-1 ratio with declining issues outnumbering the advancing ones. CUTIX (-10.00%) topped twenty-five (25) others on the laggard’s table while MRS (+10.00%) led twenty (20) others on the leader’s log.