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NGX Extends Bullish Run on Strong Blue-Chip Performance
The Nigerian Exchange (NGX) sustained its upward momentum on Thursday, buoyed by strong gains in heavyweight stocks MTN Nigeria and Seplat Energy, which lifted overall market sentiment.
RELATED: NGX hits historic high as MTN Nigeria, UBA rally push market capitalisation past ₦100 trillion
The All-Share Index (ASI) advanced by 1.18% to close at 170,005.36 points, reinforcing the market’s positive trajectory.
Market Capitalisation Rises by ₦1.27 Trillion
Equities market capitalisation climbed in tandem with the index, rising 1.18% to ₦109.13 trillion. This represents a ₦1.27 trillion increase in investor wealth, underscoring renewed confidence in domestic equities amid sustained buying interest in large-cap stocks.
Seplat, MTN Nigeria Lead Top Gainers
Bullish sentiment was driven by impressive price appreciation in key counters. Seplat Energy led the gainers with a 10.00% surge, followed by Julius Berger (+5.00%), Vitafoam (+4.82%), Dangote Sugar (+3.69%), and MTN Nigeria (+3.65%), among others.
Decliners: DEAPCAP, CWG, Wema Bank Dip
Despite the overall positive mood, some stocks closed in negative territory. DEAPCAP recorded the steepest decline, shedding 9.62%, while CWG (-2.60%), Ellah Lakes (-1.67%), Wema Bank (-1.19%), and Zenith Bank (-0.27%) also posted losses.
Trading Activity Improves on Strong Liquidity
Market activity strengthened significantly, reflecting robust liquidity and sustained investor participation. A total turnover of ₦22.26 billion was recorded, with 712.98 million shares exchanged across 46,104 deals.
Compared with the previous session:
- Trading volume rose 2.62% to 712.98 million share
- Transaction value increased 8.23% to ₦22.26 billion
- Deal count climbed 9.52% to 46,104 transactions
Most Traded Stocks by Volume and Value
On trading volume, ACCESSCORP led with 106.63 million shares, followed by CHAMS (44.50 million), Champion Breweries (44.46 million), and Univinsure (34.82 million).
In terms of value, Geregu Power topped the chart with ₦2.80 billion, ahead of Access Holdings (₦2.45 billion), Seplat Energy (₦1.81 billion), and Zenith Bank (₦1.63 billion).
Oil & Gas Sector Tops Performance Chart
Sectoral performance was largely positive, with Oil & Gas emerging as the best-performing index, gaining 4.68%. This was followed by Commodities (+2.52%), Industrial Goods (+0.79%), Banking (+0.64%), and Consumer Goods (+0.11%). The Insurance sector was the only laggard, declining 0.31%.
Market Breadth Strongly Bullish
Market breadth closed firmly positive at 3:1, as 55 stocks advanced against 19 decliners. Coronation, Seplat, Prestige Assurance, RT Briscoe, and Neimeth Pharmaceuticals led the gainers, while DEAPCAP, Univinsure, HMCall, Red Star Express, and UPDC recorded the steepest losses.
