Stock Market
NGX ASI gains 45bps, investors earn N652.77bn
The Nigerian equities market closed today’s session on a positive note, with the NGX All-Share Index (ASI) gaining 0.45% to settle at 229,419.18 points. As a result, the year-to-date return improved to 47.43%, while market capitalisation rose by N652.77bn to close at N147.22trn.
The market’s bullish performance was primarily driven by gains in AIRTELAFRI (+10.00%), DANGSUGAR (+4.87%), and PRESTIGE (+10.00%), which more than offset losses recorded in CUSTODIAN (-9.98%), PZ (-9.95%), and HONYFLOUR (-9.78%).
Despite the positive close, trading activity weakened slightly. Total traded volume declined by 2.99% to 966.66mn units, while the value of transactions fell by 8.56% to N39.99bn. LINKASSURE (+0.64) emerged as the most actively traded stock by volume, while ARADEL(+0.00) topped the value chart with N11.59bn worth of shares exchanged.
Market breadth remained negative at 0.59x, reflecting a broader bearish undertone as losers continued to outnumber gainers. Thirty-two (32) stocks closed lower, led by CUSTODIAN (-9.98%), while nineteen (19) stocks advanced, with AIRTELAFRI (+10.00%) leading the gainers’ chart.
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