The Nigerian Exchange Limited (NGX) experienced a historic surge, propelling the All-Share Index to a new peak of 87,971.10 points, reflecting a notable 3.93% increase.
This bullish run has led to significant gains for investors, with the market capitalization soaring to N48.139 trillion from yesterday’s N46.319 trillion, resulting in a staggering N1.82 trillion increase.
Trading activity also witnessed a substantial uptick, with a 32% surge in trading volume to 1.067 billion units, compared to yesterday’s 807.51 million units. The value of transactions also saw a robust 43% appreciation, reaching N15.77 billion from yesterday’s N11.03 billion.
DANGSUGAR, NASCON, and NB emerged as the top gainers, each posting a remarkable 10.00% increase in closing prices. On the flip side, ROYALEX, MULTIVERSE, and ELLAHLAKES faced declines, registering -9.18%, -6.59%, and -4.79% respectively.
The top traded stocks in terms of volume showcased JAIZBANK leading with 150.64 million units, followed by AIICO, FCMB, STERLINGNG, and TRANSCORP. In value terms, NASCON took the lead with N2.57 billion, trailed by NB, UBA, ZENITHBANK, and FCMB.
Notably, stocks valued over N1 trillion displayed positive sentiment, with DANGCEM, ACCESSCORP, BUACEMENT, FBNH, GTCO, MTNN, UBA, and ZENITHBANK recording significant price gains. However, key players like AIRTELAFRI, GEREGU, TRANSCOHOT, SEPLAT, and BUAFOODS experienced no price changes.
