The Nigerian Exchange (NGX) extended its bullish run for the 11th consecutive session on Thursday, as the benchmark All-Share Index (ASI) surged past the 146,900 mark to close at a new all-time high of 146,988.1 points.
The index rose 0.54 per cent, gaining 783.7 points from the previous close of 146,204.3, buoyed by sustained demand in large-cap stocks—particularly Dangote Cement, which gained 6.48 per cent.
Market capitalization also climbed in tandem, adding over ₦500 billion to close at ₦93.2 trillion, compared to ₦92.7 trillion in the preceding session.
Market activity strengthened, with total traded volume rising to 385 million shares, up from 346 million recorded a day earlier. The value of trades also improved as investor appetite grew across the major counters.
Top Movers
On the gainers’ chart, Dangote Cement led the rally, closing at ₦575 per share, followed by NEM Insurance which advanced 5.23% to ₦29.15. Others on the top-five list were Jaiz Bank (+4.65%), FTN Cocoa (+3.57%), and CWG (+3.46%).
Conversely, UHOMREIT topped the losers’ list, declining 9.98 per cent to ₦51.85, followed by Meyer (-9.85%), Sterling Financial Holdings (-9.58%), Cornerstone Insurance (-6.90%), and eTranzact (-6.25%).
Trading Volume And Value
Fidelity Bank was the most traded stock by volume with 47.3 million shares, followed by Chams Holding (38.4 million), Japaul Gold (21.8 million), Zenith Bank (18.2 million), and FCMB (18.1 million).
In terms of value, Seplat Energy led the board with trades worth ₦1.28 billion, followed by Zenith Bank (₦1.25 billion), Dangote Cement (₦1.1 billion), Fidelity Bank (₦959 million), and Aradel Holdings (₦895.3 million).
SWOOT & Banking Sector
Among the Stocks Worth Over N1trillion (SWOOTs), Dangote Cement rose 6.48 per cent, Lafarge Africa gained 0.23 per cent, while Nigerian Breweries inched up 0.19 per cent.
For the tier-one banks (FUGAZ), performance was mixed. UBA advanced 1.3 per cent, while GTCO and AccessCorp closed flat. Zenith Bank shed 1.01 per cent, and FBN Holdings slipped 0.32 per cent.
Market Outlook
Analysts say the NGX has regained strong bullish momentum, reclaiming and breaking successive resistance levels at 145,000 and 146,000 points. Sustained buying interest in large-cap and mid-tier stocks is expected to further bolster the market’s uptrend in the near term.
Key Market Summary:
ASI: 146,988.1 points (+0.54%)
Market Cap: ₦93.2 trillion
Volume: 385 million shares
YTD Return: +42.81%
