eTranzact International Achieves 10% Gain in Market Surge

On October 29, 2026, the Nigerian equities market experienced a rise, with the All-Share Index (ASI) increasing by 1,200.24 points, or 0.47%, to close at 254,083.02 points. This was an improvement from the previous session's close of 252,882.78 points.

The equity market capitalisation stood at approximately N164.97 trillion at the end of trading, which involved 654.28 million shares valued at N57.36 billion across 35,821 deals. eTranzact International led the technology stocks with a 10% gain, closing at N17.60 after gaining N1.60 from its previous price of N16. Other technology stocks showed mixed performance, with Omatek Ventures declining by 0.74% to N1.35.

The trading session followed a bearish close on October 28, 2026, where the ASI fell by 0.44%, resulting in a loss of N718.95 billion in market capitalisation. eTranzact recently underwent an ownership transition with Trademarks Global Concepts Limited acquiring a 56.18% stake, leading to changes in its board of directors.