The Nigerian Exchange Ltd. (NGX) saw its market capitalisation rise by 0.54%, or N497 billion, closing at N93.295 trillion after opening at N92.798 trillion. This marks the 11th consecutive session of bullish performance. The All‑Share Index also gained 0.54%, adding 793.70 points to finish at 146,988.04, up from 146,204.34 the previous day.
The positive momentum was driven by gains in 23 stocks, notably Dangote Cement, Nem Insurance, Jaiz Bank and FTN Cocoa Processors. Dangote Cement led the gainers with a 6.48% rise, ending at N575, followed by FG202031S1, which climbed 6.18% to N109.44. Nem Insurance and Jaiz Bank posted increases of 5.23% and 4.65%, respectively.
On the downside, Union Home Real Estate topped the losers’ list with a 9.98% drop, closing at N51.85. Meyer and Sterling Nigeria followed with declines of 9.85% and 9.58%, while Cornerstone Insurance and Etranzact International fell 6.90% and 6.25%, respectively.
Trading activity showed a higher volume of shares exchanged—386.6 million shares worth N11.26 billion across 21,842 transactions. Although the number of deals and total value traded fell compared with the previous day, the volume increase was notable. Fidelity Bank led the volume chart for the second time this week, handling 47.3 million shares valued at N959.3 million. CHAMS, Japaul Gold, Zenith Bank and FCMB also featured prominently.
The rise in market capitalisation and the All‑Share Index signals growing investor confidence in the Nigerian market. As bullish trends continue, investors and stakeholders will be closely watching upcoming sessions to see whether the momentum can be sustained.
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