Market Cap nears N88trn as NGX ends 6-day losing streak

Equities bounced back yesterday as the Nigerian All-Share Index ended trading on September 4, 2025, on a positive note, snapping a six-day losing streak with a gain of 822.9 points. Market capitalization rose to N87.9 trillion across 24,612 deals, moving nearer to the N88 trillion level. Veritas Kapital (VERITASKAP) and Ellah Lakes (ELLAHLAKES) led the […]

Equities bounced back yesterday as the Nigerian All-Share Index ended trading on September 4, 2025, on a positive note, snapping a six-day losing streak with a gain of 822.9 points.

Market capitalization rose to N87.9 trillion across 24,612 deals, moving nearer to the N88 trillion level.

Veritas Kapital (VERITASKAP) and Ellah Lakes (ELLAHLAKES) led the gainers with 10% each, while Austin Laz (AUSTINLAZ) and Neimeth International Pharmaceuticals (NEIMETH) topped the losers, shedding 9.75% and 8.33% respectively.

At the local bourse yesterday, trading activity also strengthened, with volumes surging to 1.8 billion shares compared to 482 million shares traded the previous day.

With regards to the currency update, the naira traded between N1,508.00 and N1,529.00/$ and closed at N1,514.87/$ (+0.44%). Gross external reserves slipped 0.28% to $41.30bn (as of 29 Aug), according to analysts at InvestNaija.

According to the analysts, “FX stayed firm in a tight range. Slightly lower reserves suggest limited room for heavy intervention, but near-term sentiment remains steady.”