The Nigerian Exchange Limited has experienced a significant surge in value, with its total market capitalisation increasing by N36.46tn year-to-date. This growth reflects sustained investor confidence and renewed interest in equities. As of the beginning of 2025, the market capitalisation stood at N62.92tn, with an All-Share Index of 103,180.14 points. By the end of February, these figures had risen to N67.19tn and 107,821.39 points, respectively, indicating a steady upward trend in the equities market.
At the close of the latest trading session, the NGX’s total market capitalisation reached N99.2tn. A total of 1.23 billion shares, valued at N35.13bn, were traded in 27,872 deals. Although market activity declined compared to the previous trading day, with trading volume falling by 74%, turnover decreasing by 10%, and the number of deals dropping by 20%, the market breadth remained positive. Forty-seven equities recorded price appreciation, while 16 stocks ended the session in negative territory, out of the 128 listed equities that participated in trading.
Aluminium Extrusion Industries led the gainers, with a 9.9% increase to close at N21.65 per share, followed by Austin Laz and Company, Meyer Plc, and C and I Leasing, which gained 9.82%, 9.75%, and 9.6%, respectively. In contrast, Neimeth International Pharmaceuticals topped the list of losers, shedding 9.38% to close at N5.80 per share, while Tantalizers, International Breweries, and NPF Microfinance Bank also experienced declines.
In terms of trading activity, Chams Plc recorded the highest volume, with 710.28 million shares exchanged, followed by Zenith Bank, Access Holdings, and FCMB Group. On the value chart, Aradel Holdings led transactions, with deals worth N9.52bn, followed by Seplat Energy and Zenith Bank. The significant increase in market capitalisation and sustained investor interest underscore the growth and stability of the Nigerian equities market. As the market continues to evolve, it is likely to remain a key area of focus for investors and market watchers alike.
