Investors Reap N2.67tn in Profit, as Bourse Breaks 200,000 Mark

Share

Tweet

Share

Share

Email

Comments

• Rally Holds Firm with 1.39% w/w,

BY BONNY AMADI

The local bourse extended its bullish run for another week, crossing the 200,000 psychological threshold and setting new records as investors maintained strong confidence heading into the holiday period.

The benchmark index on the Nigerian Exchange advanced by 1.39% week-on-week to close at 201,156.85 points, after touching a new high above 202,000 this week.

The rally was largely driven by sustained buying interest in banking and industrial stocks, with investors showing a clear preference for fundamentally sound and liquid names.

This positive sentiment was also reflected in market capitalisation, which rose to N129.13 trillion, translating to a weekly gain of N1.77 trillion and pushing year-to-date returns to 29.27% for the index and 29.94% for market capitalisation.

Market activity remained notably strong during the week, with a clear uptick in participation as reflected in both volume and value traded.

The money flow index trended upward, reinforcing signs of sustained buying interest and improved liquidity.

Total traded volume surged by 173.6% week-on-week to 9.05 billion units, while transaction value rose by 62.39% to N267.33 billion, highlighting continued investor positioning in equities, largely driven by sector rotation on the Nigerian Exchange.

Despite the overall positive momentum, sectoral performance was broadly negative, with four of the six sectors closing lower. The Industrial Goods sector stood out, advancing by 9.67% on the back of strong price gains in BUACEMENT, JOHNHOLT, PREMIREPAINTS, BERGER, and LAFARGE AFRICA.

The Banking sector also posted a solid 4.31% gain, supported by buying interest in ZENITH BANK, UBA, FIRSTHOLDCO, WEMA BANK, and ACCESSCORP. On the downside, the Commodity index led decliners with a 4.91% drop, weighed by losses in PRESCO and ARADEL, while the Oil & Gas sector fell by 4.78% due to weakness in OANDO and ETERNA.

The Insurance and Consumer Goods sectors recorded milder declines of 0.42% and 0.10%, respectively, pressured by selloffs in INTENEGINS, INTBREW, REGALINS, NB, TANTALIZER, and NASCON.

At the close of the week, market performance reflected a clear divergence between strong gainers and notable laggards. JOHNHOLT led the top performers with a 25.4% gain, followed by BUACEMENT (21%), PREMIER PAINTS (20.6%), ZENITH BANK (14.6%), and LEARNAFRICA (13.3%), all benefiting from sustained buying interest and positive price momentum.