Nigerian Exchange Limited
NGX Adds N160 Billion as Selective Buying Extends Market Recovery
The Nigerian Exchange (NGX) extended its recovery on Monday as selective buying in key equities added approximately N160 billion to investors’ wealth, helping the market build on the rebound recorded at the close of last week despite softer trading activity.
The NGX All-Share Index (ASI) advanced 0.10 percent from 243,052.74 to 243,299.24 points, while equity market capitalisation increased by approximately N160.26 billion from N157.587 trillion to N157.747 trillion.
Market Summary
| Indicator | September 11 | September 14 | Change |
|---|---|---|---|
| NGX All-Share Index | 243,052.74 | 243,299.24 | +0.10% |
| Equity Market Capitalisation | N157.587 trillion | N157.747 trillion | +N160.26 billion |
| Deals | 45,614 | 54,592 | +19.7% |
| Trading Volume | 552.87 million shares | 428.97 million shares | -22.4% |
| Trading Value | N25.78 billion | N20.52 billion | -20.4% |
The market’s advance was driven by gains in a select group of stocks with Royal Exchange Plc and NGX Group Plc both appreciating by 10.00 percent to emerge as the session’s top performers.
R.T. Briscoe Plc followed with a 9.88 percent gain, while NSLTech Plc and Prestige Assurance Plc rose 7.69 percent and 7.19 percent, respectively.
Top Gainers
| Company | Previous Close | Current Price | Change |
|---|---|---|---|
| Royal Exchange Plc | N0.90 | N0.99 | 10.00% |
| NGX Group Plc | N148.00 | N162.80 | 10.00% |
| R.T. Briscoe Plc | N8.10 | N8.90 | 9.88% |
| NSLTech Plc | N0.65 | N0.70 | 7.69% |
| Prestige Assurance Plc | N1.39 | N1.49 | 7.19% |
Despite the positive market close, profit-taking persisted in several equities.
John Holt Plc led the losers’ chart with a 10.00 percent decline, followed by Ellah Lakes Plc and DAAR Communications Plc, both of which fell 9.80 percent. Regal Insurance Plc and Learn Africa Plc also recorded notable losses.
Trading activity presented a mixed picture.
While the number of deals increased by nearly 20 percent to 54,592, both turnover volume and value declined. Investors traded 428.97 million shares worth N20.52 billion, compared with 552.87 million shares valued at N25.78 billion in the previous session.
The increase in deal count alongside lower turnover suggests investors remained active but traded in smaller sizes or focused on lower-value transactions.
Banking and financial stocks continued to provide the bulk of market liquidity. Sterling Financial Holdings Plc led trading by volume with 78.05 million shares, while Access Holdings Plc recorded the highest transaction value among the day’s most actively traded stocks at N613.81 million.
Fidelity Bank Plc, Mutual Benefits Assurance Plc and Chams Plc also featured prominently on the activity chart.
Monday’s session indicates that buying interest is gradually returning to the market following last week’s broad-based selloff.
Although turnover softened, gains in selected equities were sufficient to lift the benchmark index and increase market capitalisation, suggesting investors are becoming more selective as they position for opportunities while remaining cautious about overall market conditions.