The Nigerian Exchange (NGX) sustained its bullish momentum on Thursday, with investors gaining ₦389 billion in market value as trading volume and value rose significantly.
Data from the Exchange showed that 432.4 million shares worth ₦16.9 billion were traded across 23,665 deals, reflecting an 11 per cent rise in volume, 36 per cent jump in value, and 3 per cent increase in transactions compared to Wednesday’s 389.1 million shares valued at ₦12.5 billion in 23,017 deals.
The market capitalisation climbed 0.41 per cent to ₦94.165 trillion from ₦93.776 trillion, while the All-Share Index (ASI) advanced by 612.81 points to close at 148,355.04.
Top activity drivers included Consolidated Hallmark Holdings, which led in volume with 40.95 million shares worth ₦196.6 million, followed by Access Corporation with 40.34 million shares valued at ₦1.04 billion. Guaranty Trust Holding Company (GTCO) traded 27.57 million shares worth ₦2.58 billion, while Zenith Bank exchanged 25.05 million shares worth ₦1.71 billion.
Market sentiment remained positive, with 30 gainers against 26 decliners. Secure Electronic Technology topped the advancers’ chart, rising 7.06 per cent to 91 kobo, while Sterling Nigeria gained 6.49 per cent to ₦8.20. Livestock Feeds appreciated by 5.33 per cent to ₦7.90 per share, and May & Baker rose by 4.99 per cent to ₦17.90.
Conversely, Sunu Assurances led the laggards, shedding 9.71 per cent to close at ₦5.21, followed by Halldane McCall, which dropped 7.53 per cent to ₦4.05. Daar Communication and Sovereign Trust Insurance declined by 6.36 and 6.05 per cent, respectively.
Analysts say the market’s steady performance reflects continued investor interest in banking and manufacturing stocks, driven by positive corporate earnings and improving macroeconomic sentiment.
