NGX crosses N94trn as cement, banking stock rally

Nigerian Exchange (NGX) crossed N94 trillion in market capitalisation on Thursday as cement and banking stock rallied in anticipation of the third quarter of 2025 earnings release. The stock market traded positively as investors rotated funds from the debt market amidst spot rate repricing and lower yields on naira assets. With increased positioning in risky assets, the key performance indicators climbed by 41 basis points while year to date return rose to 44.1%. Notable gainers included FirstHoldco, STERLINGNG, MAYBAKER, DANGCEM, Lafarge Africa WAPCO and others. These gainers contributed to an increase of approximately ₦389 billion to investors’ wealth. Specifically, the market index, or All-Share Index, increased by 612.82 basis points today, representing a rise of 0.41% to close at a new all-time high of 148,355.04.
NGX market capitalisation surged by ₦388.96 billion to close at ₦94.17 trillion. Trading activities improved as the total volume and total value of all trades increased by +11.13% and +35.47%, respectively. Atlass Portfolio Limited reported that approximately 432.43 million units valued at ₦16,909.80 million were transacted across 23,665 deals. In terms of volume, CONHALLPLC led the activity chart, accounting for 9.51% of the total volume of trades, followed by ACCESSCORP (9.37%), GTCO (6.40%), ZENITHBANK (5.82%), and TANTALIZER (5.16%), rounding out the top five. GTCO emerged as the most traded stock in terms of value, accounting for 15.36% of the total value of all trade on the exchange.
NSLTECH topped the advancers’ chart for today with a price appreciation of 7.06 percent, trailed by STERLINGNG (+6.49%), LIVESTOCK (+5.533%), TIP (+5.18%), MAYBAKER (+4.99%), JAPAULGOLD (+4.72%) and twenty-four others.
Twenty-six stocks were depreciated, according to stockbrokers. SUNUASSUR was the top loser, with a price depreciation of -9.71%, trailed by CUSTODIAN (-4.55%), CHAMS (-3.66%), VERITASKAP (-2.78%), DANGSUGAR (-2.51%), and FIDELITYBK (-0.25%).
The market breadth closed positively, recording 30 gainers and 26 losers.  Also, the market sectoral performance was positive. The industrial sector appreciated by +1.44%, followed by the consumer goods sector with an increase of +0.24%.  The banking sector rose by +0.21%, and the oil & gas sector increased by +0.18%. The insurance sector dropped by (-1.35%).