The Nigerian Exchange closed Thursday’s session on a strong note, extending its bullish momentum as broad-based buying lifted key market indicators and reinforced investor confidence.
The NGX All-Share Index (ASI) advanced by 1.18 percent to close at 170,005.36 points, one of the strongest daily performances this week.
The rally pushed total equity market capitalisation to ₦109.13 trillion, underscoring sustained inflows into large-cap and mid-cap stocks.
Trading activity remained robust. A total of 46,104 deals were executed with investors exchanging 712.98 million shares valued at ₦22.26 billion. The volume and value turnover reflected renewed participation across banking, energy, insurance, and consumer-related stocks.
Market Capitalisation Overview
-
Equity Market Capitalisation: ₦109.13 trillion
-
Bond Market Capitalisation: ₦51.10 trillion
-
ETF Market Capitalisation: ₦148.40 billion
Top Gainers
Market breadth closed positive, supported by notable price appreciation in the following stocks:
-
Guinea Insurance rose by 10.00% to ₦1.43
-
CN Insurance gained 10.00% to ₦110.00
-
Seplat Energy climbed 10.00% to ₦7,370.00, providing strong support to the energy sector
-
Lotus Halal 15 ETF advanced 10.00% to ₦194.86
-
RT Briscoe added 9.95% to close at ₦11.49
Top Losers
Despite the overall positive sentiment, some stocks closed lower:
-
FGS UK 2031 S4 declined by 18.17% to ₦81.00
-
DEAP Capital Management fell 9.62% to ₦6.20
-
Universal Insurance shed 9.43% to ₦1.44
-
HMCall dropped 9.09% to ₦4.00
-
Red Star Express lost 9.04% to close at ₦15.60
Most Traded Stocks by Volume
Investor activity was concentrated in a few names:
-
Access Holdings led with 106.63 million shares, valued at ₦2.45 billion
-
Chams Plc traded 44.50 million shares worth ₦201.31 million
-
Champion Breweries recorded 44.46 million shares valued at ₦774.31 million
-
Universal Insurance saw 34.82 million shares exchanged
-
DEAP Capital Management posted 22.74 million shares in volume
Bond Market
The bond segment closed flat, with no price movement recorded across the actively traded instruments, including FGN 2045, FGN 2053, and select state bonds, indicating a stable fixed-income market.
ETF Performance
Exchange-traded funds posted strong gains, reflecting institutional buying interest:
-
SIAML ETF 40 rose by ₦925.00 to ₦10,182.00
-
Stanbic ETF 30 gained ₦434.89 to ₦4,783.81
-
Meristem Growth ETF advanced to ₦1,109.00
-
VSP Bond ETF climbed to ₦685.00
-
Meristem Value ETF closed higher at ₦592.00
Market Outlook
Thursday’s session confirmed a continuation of bullish sentiment on the Nigerian Exchange, supported by strong ETF inflows, renewed interest in banking stocks, and heavy buying in energy counters. If current momentum is sustained, the market is likely to test higher resistance levels in the near term, although investors are expected to remain selective amid profit-taking risks.
Overall, the NGX closed the session firmly positive, with breadth, liquidity, and sector participation pointing to improving market confidence.