Nigerian Exchange Records 0.01% Gain Amid Cautious Trading

On Thursday, the Nigerian equities market recorded a marginal gain of 0.01%, with the Nigerian Exchange (NGX) All-Share Index closing at 247,707.13 points. The market capitalisation rose by N22 billion, reaching N160.834 trillion, while the year-to-date return remained at approximately 59.18%.

Analysts noted that the slight improvement occurred in a largely subdued session, reflecting cautious investor sentiment. Market breadth was positive, with 26 stocks gaining against 24 losers.

Multi Trex Integrated Foods and Zichis Agro Allied Industries each achieved the highest price gain of 10%, closing at 55 kobo and N17.93 respectively. Conversely, Nigerian Enamelware led the losers with a decline of 9.95%, closing at N36.65.

Overall trading activity weakened, with total traded volume decreasing by 8.9% to 286.76 million units and transaction value dropping by 46.4% to N15.31 billion. The decline in key activity indicators suggests reduced investor participation and lower market engagement.