NGX ASI Surpasses 200,000 Basis Points Mark

On the previous trading day, the Nigerian Exchange Group's All-Share Index (NGX ASI) crossed the historic 200,000 basis points mark, closing at 201,474.89, up 1.55% from the previous session's 198,407.30. This achievement is attributed to strong investor demand and broad-based gains across key sectors, resulting in a month-to-date return of 4.48% and a year-to-date return of 29.47%.

The market capitalization increased to ₦129.33 trillion from ₦127.36 trillion. Temi Popoola, Managing Director and Chief Executive Officer of the Nigerian Exchange Group, described this milestone as a sign of growing confidence in Nigeria's capital market, supported by ongoing reforms and increased participation from local investors.

The trading activity remained robust, with total deals rising to 72,700 and a transaction volume of 948.1 million shares valued at ₦49.15 billion. BUA Cement recorded the highest price gain of 10%, while VFD Group led the losers with a 10% decline.