Investors on the Nigerian Exchange (NGX) Limited saw a significant gain of N100 billion yesterday. Stocks rebounded despite tariff concerns in global markets.
According to Leadership News, the All Share Index (ASI) rose by 159.86 points. This increase of 0.15% brought the index to 104,376.73 points. Market capitalization also grew by N100 billion, closing at N65.589 trillion.
The rise was mainly driven by strong performances from large-cap stocks like VFD Group, Zenith Bank, First HoldCo, UBA, and GTCO.
Although the market showed growth, the breadth was negative. Sixteen stocks advanced, while forty-two declined. Secure Electronic Technology had the highest gain, rising 8.89% to close at 49 kobo per share.
Abbey Mortgage Bank rose 8.35%, closing at N5.58. Sterling Financial Holdings climbed 6.85%, closing at N5.15.
VFD Group saw a 5.26% increase, closing at N66.00 per share. Mutual Benefits Assurance rose 4.55%, ending at 92 kobo per share.
NAHCO led the losers, dropping 9.94% to close at N62.95 per share. NEM Insurance declined 9.92%, closing at N11.80.
Lasaco Assurance fell 9.86%, closing at N1.92. Royal Exchange dropped 9.78%, ending at 83 kobo per share.
Total trading volume rose 3.71%, reaching 460.565 million units. These trades were worth N10.105 billion, across 14,528 deals. Access Holdings had the highest trading volume, with 56.498 million shares worth N1.185 billion.
GTCO followed with 51.556 million shares valued at N3.430 billion. Fidelity Bank saw 24.067 million shares traded, valued at N431.615 million. FCMB Group and United Capital also had strong trading volumes.
Article updated 4 days ago. Content is written and modified by multiple authors.
