Nigerian Exchange Gains N235bn Amid Active Trading

On Friday, the Nigerian Exchange NGX reported a gain of N235 billion, closing with a market capitalization of N158.513 trillion, up from N158.278 trillion the previous day. The NGX All Share Index rose by 364.26 basis points to 245573.60 points from 245209.34 points.

Despite a negative market breadth of 20 advancers against 24 decliners, gains in shares of companies such as FirstHoldco, Zenith Bank, Zichis, UBA, and AccessCorp outweighed losses from Legend Internet and ABC Transport Cap Plc. Year-to-date returns increased to 57.81 percent.

UPDC led the gainers with a 9.23 percent increase, closing at N3.55 per unit, while Redstarex led the losers, falling 10 percent to close at N18.00 per unit. Trading volume surged to 986.23 million shares, a 185.46 percent increase, with transaction value rising by 30.25 percent to N26.650 billion across 42,500 deals.

FTG Insurance was the most active stock, trading 824.456 million shares valued at N2.131 billion.