The Nigerian Exchange Limited (NGX) concluded the trading week with significant gains, as market capitalisation surpassed the N110 trillion threshold for the first time, reflecting renewed investor confidence in the domestic equity market.
The total value of all listed companies on the exchange rose by 1.01 per cent, moving from N109.129 trillion to N110.234 trillion. Concurrently, the NGX All-Share Index, the primary benchmark for market performance, climbed 1,722.13 points—also a 1.01 per cent increase—to close at 171,727.49. This positive performance extends the market’s year-to-date return to 10.36 per cent.
The upward momentum was largely driven by robust interest in a select group of equities. Nigerian Aviation Handling Company, Deap Capital Management, and Omatek Ventures were among the most notable gainers, each rising by 10 per cent. Overall, market breadth was firmly positive with 60 stocks advancing compared to 19 decliners. On the downside, The Initiates, Daar Communications, and United Capital posted the steepest losses, falling between 6.55 per cent and 9.74 per cent.
Trading activity showed a marked improvement from the previous session. A total of 953.8 million shares, valued at N43.1 billion, exchanged hands across 51,005 deals. This represents a 34 per cent increase in volume and a substantial 94 per cent rise in turnover, indicating heightened liquidity and engagement.
Fidelity Bank facilitated the highest trade volume, with 92.39 million shares changing hands, accounting for nearly 9.7 per cent of total activity. In terms of value, Presco dominated, with transactions in the stock totaling N11.27 billion, which comprised over a quarter of the day’s overall turnover.
The breach of the N110 trillion market capitalisation mark and the surge in trading volumes underscore a period of vigorous activity on the NGX. This performance highlights sustained positive sentiment among investors, supported by targeted buying in specific sectors and a broader复苏 in equity demand.
