Stock Market
NGX market capitalisation rose by 0.54% to settle at N130.03trn
NGX equities market sustained its bullish momentum, as the NGX All-Share Index (ASI) advanced by 0.54% to close at 202,559.41 points.
Consequently, the year-to-date return improved to 30.17% from 29.47%, while market capitalisation rose by 0.54% to settle at N130.03trn.
The positive performance was driven by strong gains in BUACEMENT (+10.00%), NAHCO (+7.14%), and ZENITHBANK (+7.91%), which more than offset losses recorded in PRESCO (-10.00%), MTNN (-4.76%), and DANGSUGAR (-3.90%).
Market activity strengthened compared to the previous session, with trading volume and value increasing by 84.75% and 79.15%, respectively. FCMB (+1.20%) led the volume chart with 516.23mn units traded, while ZENITHBANK (+7.91%) dominated the value chart with transactions worth N18.10bn.
Market breadth closed positive at 1.14x, indicating stronger buying interest as advancers outpaced decliners. BUACEMENT (+10.00%) led the 40 advancers, while PRESCO (-10.00%) topped the 35 decliners.
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