NGX All-Share Index Rises 0.43% as Market Capitalization Hits N80.1 Trillion

The Nigerian Exchange (NGX) All-Share Index climbed 0.43% on Monday to close at 126,149.59 points, pushing total market capitalization to N80.143 trillion. This marks a robust 27% year-on-year gain. This outpaced the MSCI Emerging Markets EMEA Index, per Bloomberg, which recorded half that growth in the same period.

Market activity remained strong, as 1.286 billion shares worth N32.204 billion were exchanged across 39,431 deals. This compares with Friday’s 1.389 billion shares valued at N30.550 billion in 33,399 deals, signaling heightened investor participation.

However, market breadth narrowed, with 45 gainers down from 62 on Friday, and 36 losers, up from 25. Meanwhile, 66 equities remained unchanged, indicating cautious sentiment among retail investors.

SEPLAT led the session in value terms with transactions worth N5.378 billion, followed by ACCESS (N3.502 billion), ZENITH BANK (N3.118 billion), UBA (N3.054 billion), and GTCO (N1.952 billion). These top-tier stocks helped sustain liquidity and investor confidence across the banking and energy sectors.

Sectoral indices showed mixed performance as Consumer Goods and Insurance declined by 1.73% and 0.42%, respectively. Other indices closed higher, reflecting bullish momentum in industrial, banking, and oil sectors.

The top gainers for the day included SECURE ELECTRONIC (+10.00%), ABBEY MORTGAGE (+9.9%), IKEJA HOTEL (+9.95%), MCNICHOLS (+9.92%), and TRIPPLE GEE (+9.78%). Conversely, RT BRISCOE (-10.00%),  CUTIX (-10.00%), TANTALIZERS (-10.00%), CAVERTON (-10.00%), and  NEIMETH (-9.95%) were the top losers for the day.