The Nigerian Exchange Limited (NGX) closed positive on Wednesday as renewed demand in select large-cap stocks lifted the All-Share Index (ASI) by 0.27%.
The benchmark index advanced to 145,323.87 points from 144,929.01 in the previous session, while market capitalization increased to ₦92.63 trillion.
The session closed with 21,513 deals, while investors exchanged 2,250,869,837 units of equities valued at ₦20,967,761,139.51.
Market Performance
Top 5 Gainers
| Company |
Previous Close (₦) |
Current Price (₦) |
Change (₦) |
% Change |
| Guinness Nigeria |
180.00 |
198.00 |
+18.00 |
+10.00% |
| NCR Nigeria |
66.10 |
72.70 |
+6.60 |
+9.98% |
| NGX Group |
56.20 |
61.80 |
+5.60 |
+9.96% |
| Multiverse Mining |
10.05 |
11.05 |
+1.00 |
+9.95% |
| Skyway Aviation |
80.60 |
88.45 |
+7.85 |
+9.74% |
Gains in Guinness, NCR, and NGX Group accounted for the strong index momentum, supported by positive market sentiment in consumer goods and financial services counters.
Top 5 Decliners
| Company |
Previous Close (₦) |
Current Price (₦) |
Change (₦) |
% Change |
| Veritas Kapital |
1.79 |
1.71 |
-0.08 |
-4.47% |
| Lasaco Assurance |
2.65 |
2.55 |
-0.10 |
-3.77% |
| Prestige Assurance |
1.65 |
1.60 |
-0.05 |
-3.03% |
| Royal Exchange |
1.95 |
1.90 |
-0.05 |
-2.56% |
| Ecobank Transnational |
34.65 |
34.00 |
-0.65 |
-1.88% |
Price pressure was concentrated in the insurance segment, reflecting persistent sell-side activity from retail investors.
Most Traded Stocks
| Company |
Volume |
Value (₦) |
| E-Tranzact |
1,847,592,419 |
5,547,972,227.55 |
| Access Holdings |
54,408,976 |
1,121,978,986.40 |
| Zenith Bank |
52,661,797 |
3,159,965,305.95 |
| GTCO |
34,819,157 |
3,020,054,389.50 |
| Sterling Bank |
25,083,417 |
179,532,399.25 |
E-Tranzact dominated market turnover, accounting for more than 80% of total volume, following increased positioning from institutional investors.
Fixed Income
Activity in the bond market was neutral, with no changes recorded across benchmark instruments.
| Bond |
Previous (₦) |
Current (₦) |
Change (₦) |
| AXA2027S1 |
100.00 |
100.00 |
0.00 |
| CEMC2045S1 |
100.00 |
100.00 |
0.00 |
| DAN2034S1 |
100.00 |
100.00 |
0.00 |
| FG182032S2 |
100.00 |
100.00 |
0.00 |
| FG202033S6 |
119.52 |
119.52 |
0.00 |
Yields remained stable as investors maintained a wait-and-see posture ahead of inflation data releases.
Exchange-Traded Funds (ETFs)
ETF instruments recorded significant price appreciation, particularly in commodities-linked products.
| ETF |
Previous (₦) |
Current (₦) |
Change (₦) |
| NEWGOLD |
52,000.01 |
63,578.90 |
+11,578.89 |
| STANBICETF30 |
1,267.42 |
1,394.16 |
+126.74 |
| MERVALUE |
260.00 |
286.00 |
+26.00 |
| VETGRIF30 |
60.83 |
66.83 |
+6.00 |
| VETINDETF |
56.00 |
61.60 |
+5.60 |
The NEWGOLD ETF surged by 22.26%, benefiting from upward movement in global gold prices and increased currency hedging activities.
Market Sentiment
-
Advancers: 33
-
Decliners: 21
-
Unchanged: 74
The upward close reflects renewed liquidity inflow into the market and sustained interest in blue-chip counters.
