The Nigerian Exchange (NGX) gained ₦53 billion, ending a recent losing streak. The positive performance, fueled by bargain hunting in medium- and large-cap stocks, led to an 87.11-point increase (+0.09%) in the All-Share Index, which closed at 102,183.06.
With 13.94% of the overall trading volume, GTCO was the trading activity leader. FIDELITYBK (9.84%) and UNIVINSURE (10.41%) were two more leading volume drivers. With a contribution of 25.60% of the overall trade value, GTCO also led in terms of value.
On the gainers’ chart, NNFM led with a 10% price increase, followed by DANGSUGAR (+9.91%) and TIP (+9.80%). In contrast, LIVESTOCK topped the losers’ chart with a 10% drop, alongside NEIMETH (-9.83%) and HONYFLOUR (-9.26%).
Sectoral performance was mixed, with gains in the industrial (+1.39%), banking (+0.22%), and consumer goods (+0.20%) sectors, while the oil & gas and insurance sectors declined by 2.49% and 1.27%, respectively.
The NGX market capitalisation closed at ₦62.31 trillion, up ₦53.11 billion overall.
