NGX Market Capitalization Grows by N1.663 Trillion

The Nigerian Exchange (NGX) has sustained its growth trajectory, achieving a market capitalization increase of N1.663 trillion, bringing the total to N136.435 trillion, up from N134.772 trillion the previous day. The NGX share index rose by 258.61 basis points to 21,901.02 points, driven by positive performances from heavyweight stocks such as UBA, Dangote Sugar, MTN Nigeria, FirstHoldCo, Zenith Bank, and Aradel PLC.

On the trading day, 37 companies recorded gains while 20 experienced declines, resulting in a year-to-date return of 36.18 percent. The top gainers included Trans Express, which rose by 10 percent to close at N5.50, followed closely by Aradel PLC with a 9.99 percent increase to N1547.50.

Conversely, Ikeja Hotel topped the losers' chart, dropping 9.73 percent to N33.40. Trading volume decreased to 121.431 million shares, representing a 17.19 percent decline, with a total transaction value of N34.758 billion.