The Nigerian Exchange Limited (NGX) market capitalization witnessed a significant gain of N305.61 billion as the equities market closed on a positive note, gaining 558.47 basis points. The NGX All-Share Index (ASI) recorded a 0.78% advancement, closing at 71,808.64 basis points, compared to the previous day’s 0.43% gain that closed at 71,250.17 basis points.
The year-to-date return for the NGX ASI reached 40.11%, showcasing the positive performance of the equities market. Market activities, measured by the volume traded, increased by 58.02%, with the total volume traded rising by 59.15% to close at N690.01 million. The traded value stood at N12.10 billion, involving 8,412 deals. Guaranty Trust Holding Company (GTCO) emerged as the most traded stock both by volume and value, with N76.70 million and N3.04 billion units traded, respectively.
At the end of the trading session, the market recorded 34 gainers, 21 losers, and 64 unchanged. The top three gainers were Thomas Wyatt Nigeria (9.93%), FBN Holdings (9.91%), and Multiverse Mining and Exploration (9.90%). On the flip side, the top three losers were AXA Mansard Insurance (-9.69%), Guinea Insurance (-9.68%), and Oando (-9.13%). The positive momentum in the equities market reflects investors’ confidence and optimism, contributing to the overall growth of the NGX ASI.
