The Nigerian Exchange Limited (NGX) All-Share Index (ASI) experienced a 0.33% increase, primarily propelled by buying interest in the shares of selected banks, notably Access Holdings Plc and Guaranty Trust Holding (GTCO). The equity market closed positively, with the NGX ASI settling at 71,907.26 basis points, surpassing the previous day’s gain of 0.18%, which closed at 71,669.91 basis points.
Equities saw a gain of N130 billion, bringing the market capitalization to a close at N39.349 trillion. Key contributors to this market growth were stocks such as ACCESSCORP, which gained 0.99%, recording a turnover of N380 million, and GTCO, with a turnover of N849 million.
The year-to-date return for the NGX ASI stands at 40.30%. Market activities, measured by volume traded, experienced a 14.86% decline, closing at N319.56 million, valued at N5.88 billion, and traded in 6,498 deals. JBERGER emerged as the most traded stock by both volume and value, with N42.54 million and N1.46 billion units traded, respectively. It was followed by ZENITHBANK (-0.14%) with 22.99 million units, FCMB (+0.74%) with 22.86 million units, GTCO (+0.64%) with 21.59 million units, and ACCESSCORP (+0.99%) with 18.80 million units.
At the close of trading, the market recorded 23 gainers, 23 losers, and 74 unchanged stocks. The top three gainers were Infinity Trust Mortgage Bank (9.97%), SCOA Nigeria (9.46%), and DAAR Communication (8.82%). On the flip side, the top three losers were Guinea Insurance (-10.00%), Conoil (-9.83%), and Julius Berger Nigeria (-9.72%).
