NGX hits N89trn as investors gain N190.13bn
The Nigerian Exchange (NGX) has retaken N89 trillion in market capitalisation after sell pressures that lasted for weeks. Investors re-entered positions in listed companies’ stock that had been oversold and other fundamentally sound equities with strong upside potentials. Key performance indicators appreciated by 0.21% as the local bourse closed trading on a positive note, with […]
The Nigerian Exchange (NGX) has retaken N89 trillion in market capitalisation after sell pressures that lasted for weeks.
Investors re-entered positions in listed companies’ stock that had been oversold and other fundamentally sound equities with strong upside potentials.
Key performance indicators appreciated by 0.21% as the local bourse closed trading on a positive note, with year to date return settling at 36.66% on Wednesday.
The market index, or All-Share Index, grew by 300.48 basis points on Thursday to close at 140,665.84 points, representing a 0.21% increase from the previous session.
- Benue traditional ruler, brother arraigned over alleged murder
- Akwaaba African Travel Market kicks off Sunday
Also, the market capitalisation appreciated by N190.13 billion to settle at N89.00 trillion, also marking a 0.21% increase.
However, market activities were down as the total volume and total value of all trades consummated on the exchange dropped by 50.74% and 69.47%, respectively.
Stock traders at Atlass Portfolio Limited told investors in a note that approximately 378.18 million units valued at N12,408.03 million were transacted across 22,935 deals.
In terms of volume, JAPAULGOLD led the activity chart, accounting for 11.16% of the total volume of all trades executed in the local bourse, followed by ZENITHBANK (7.41%), UBA (7.24%), ACCESSCORP (6.72%), and NB (4.91%), rounding out the top five.
ZENITHBANK emerged as the most traded stock in terms of value, accounting for 15.06% of the total value of all trade on the exchange.
Twelve stocks depreciated, according to NGX trading data. NEM was the top loser, with a price depreciation of -9.94%, trailed by MANSARD (-4.76%), ELLAHLAKES (-4.29%), CONHALLPLC (-4.28%), LASACO (-2.45%), and ACCESSCORP (-0.19%).
At the end of the trading session, the market breadth closed positively, recording 41 gainers and 12 losers. Also, the market sectoral performance was positive.
The banking sector grew by +0.78%, followed by the consumer goods sector with an increase of +0.21%, and the industrial sector gained +0.04%. The insurance sector dropped by -1.16%, while the oil & gas sector closed unchanged.
…Naira depreciates to N1,502/$
Meanwhile, 24 hours after the local currency dropped below N1,500 for the first time since March, the naira closed the week yesterday at N1,502.13.
Daily Trust reports that the naira was on the rise during mid-week dropping to N1,498 in the official market, maintaining its upward.
On Wednesday the local currency closed at N1,500.91 against the US dollar at the Nigerian Foreign Exchange Market (NFEM).
It was the highest level ever recorded since March 5 on the NFEM. Experts say the appreciation was bolstered by the strength of the reserves.
But yesterday the naira traded between N1,450.00 and N1,508.00/$, depreciating by 8 basis points to close at ₦1,502.13/$ while gross external reserves dropped 0.77% to $41.31bn (as of 10 Sep 2025).
Analysts say the naira softened slightly, but reserves remain at robust levels.