Equities Market Reverses Six-day Loss Streak as Investors Gain N130.94bn

Samuel Mobolaji

The Nigerian Exchange (NGX) All-Share Index rebounded after a six-session decline, rising by 22 basis points to settle at 97,123.61 points, marking an investor gain of N130.94 billion.

The market’s capitalisation closed at N58.85 trillion, reflecting renewed buying interest in key stocks.

Gains in major banking stocks—ZENITHBANK (+5.74%), FBNH (+1.49%), and UBA (+9.87%)—offset losses from MTNN (-0.24%), TRANSCORP (-1.64%), and WAPCO (-1.04%), propelling the index upward.

Consequently, the year-to-date (YTD) return improved to 29.89 per cent, underscoring the market’s resilience.

Trade activity was robust, with a turnover increase of 79.64 per cent from the previous session. Investors exchanged 3.60 billion shares worth N25.57 billion across 10,679 deals.

SOVRENINS (+3.51%) led the volume chart with 2.50 billion units traded, while UBA dominated the value chart with deals worth N6.74 billion.

Market breadth also closed positive, with a 1.30-to-1 ratio of advancing to declining issues. CONOIL (+9.93%) led the day’s 25 gainers, while OANDO (-9.98%) topped the 19 laggards.