Stock Market
NGX All-Share Index (ASI) advanced by 1.24%
The Nigerian equities market extended its bullish momentum in today’s session, as the NGX All-Share Index (ASI) advanced by 1.24% to close at 237,083.28 points. Consequently, market capitalisation increased by 1.24% to N152.14trn, while the year-to-date return improved to 52.35% from 50.49% in the previous trading session.
The positive market performance was primarily driven by gains in NAHCO (+9.99%), CADBURY (+10.00%), and IKEJAHOTEL (+9.90%), which more than offset losses in ETI (-9.98%), MECURE (-9.96%), and TRANSEXPR (-10.00%).
Trading activity weakened during the session, as total traded volume declined by 8.35% to 493.67mn units, while the value of transactions fell by 27.59% to N28.02bn. ZENITHBANK dominated market activity, recording the highest traded volume of 94.29mn units and the highest transaction value of N9.91bn.
Market breadth remained firmly positive at 2.94x, indicating that advancing stocks significantly outnumbered decliners. A total of 53 stocks closed higher, led by CADBURY (+10.00%), while 13 stocks ended lower, with TRANSEXPR (-10.00%) topping the losers’ chart.
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