NGX Market Cap Tops N127trn as Investors Gain N962bn
The Nigerian Exchange (NGX) market capitalisation topped N127 trillion on Friday, as equity investors recorded a gain of about N962 billion from trades executed on the platform.
The local bourse also closed positively in today’s market rendition, driven by sustained demand in BUACEMENT (+9.18%), alongside WAPCO (+4.85%) and ZENITHBANK (+3.01%).
The market index, or All-Share Index, advanced 0.76% to 198,407.30 points, pushing the year-to-date return to 27.50%. Market capitalisation similarly expanded by 0.76%, adding ₦961.92 billion to ₦127.36 trillion.
Trading metrics showed divergent results: transaction value tumbled 21.76% to ₦35 billion, while deal count decreased 4.33% to 53,066 transactions, and share volume rose 7.51% to 591 million units.
Market breadth was robust, printing at 1.70x, as the session produced more gainers (34) than losers (20). Overall, GUINNESS (+10.00%), ROYALEX (+10.00%), and UPL (+10.00%) emerged as the market’s top performers, while sell pressure in RTBRISCOE (-9.17%) made the counter the worst performer today.
Sectoral activity was mixed: Industrial led gains with a 3.06% rally, followed by Banking climbing 0.84%, Consumer Goods increasing 0.51%, and Oil & Gas edging up 0.08%. In contrast, Insurance declined 0.50%, while Commodity remained unchanged. #NGX Market Cap Tops N127trn as Investors Gain N962bn Zenith Bank Sees Gain on Huge Trading Volume
The post NGX Market Cap Tops N127trn as Investors Gain N962bn appeared first on MarketForces Africa.