- as Index Climbs 2.27%
BY BONNY AMADI
NGX equity investors for a trading season of five days reaped a total sum of N3.3 trillion growth on the value of their investments.
This growth manifested in the robust market capitalisation and the NGX All Share-Index. The NGX equities market is opening the new week bullish, having closed last week on a strong bullish note
The equities market last week sustained gains in key counters which drove overall market performance.
The NGX All-Share Index (ASI) advanced by 2.27 per cent week-on-week to close at 250,330.92 points, while market capitalisation rose to N160.44 trillion, reflecting an increase of approximately N3.34 trillion.
Consequently, year-to-date returns strengthened to 60.87 per cent, underscoring continued positive investor sentiment.
Market breadth also improved, closing positive at 2.24x with 65 gainers against 29 losers, indicating selective but firm buying interest across the bourse.
Trading activity remained strong, despite a 14.18 per cent decline in the number of deals. However, traded volume and value increased by 13.47 per cent and 15.93 per cent week-on-week, respectively. Overall, investors exchanged 7.53 billion shares worth N359.93 billion across 398,655 deals, reflecting robust participation.
Sectoral performance was largely positive, led by gains in the Industrial Goods, Banking, Insurance, and Consumer Goods indices, which rose by 4.66 per cent, 2.82 per cent, 2.74 per cent, and 1.65% respectively. In contrast, the Oil & Gas and Commodity indices declined by 1.19 per cent and 0.80 per cent.
On the gainers’ chart, BERGER led with a 41.8 per cent increase, followed by UPDCREIT (+37.0%), ABBEYBDS (+34.5%), SCOA (+32.7%), and DAARCOMM (+29.7%), driven by strong buying interest. On the losers’ side, PRESCO (-11.9%), NCR (-10.0%), CUSTODIAN (-9.5%), ELLAHLAKES (-9.5%), and STANBIC (-7.9%) recorded declines, largely due to profit-taking and sustained selling pressure.
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