Investors Gain N412bn as NGX ASI Rises by 0.62%

Samuel Mobolaji

The Nigerian Exchange (NGX) extended its positive momentum as the All-Share Index (ASI) climbed 0.62 per cent to close at 106,698.50 points, with investors recording a market capitalisation gain of N412.25 billion, lifting the total value to N67.06 trillion.

This bullish performance was underpinned by renewed investor interest in key non-financial sectors, particularly Consumer Goods and Insurance, which outpaced the drag from banking stocks.

Consumer Goods led the rally with a 2.90 per cent advance, fuelled by significant gains in CADBURY (+9.87%), Nigerian Breweries (+8.48%), DANGSUGAR (+5.71%), and INTBREW (+7.50%).

The Insurance sector also recorded a strong showing, rising 2.69 per cent as GUINEAINS (+7.81%), MANSARD (+5.80%), and REGALINS (+8.47%) attracted buy-side activity.

Although volume traded dipped slightly by 0.75 per cent to 569.04 million units, market value surged by 24.12 per cent to N18.93 billion, indicating higher institutional participation in value-heavy counters. GTCO led the value chart with N5.56 billion, representing 29.35 per cent of total turnover, while FIRSTHOLDCO was the most traded by volume, contributing 18.63 per cent.

BETAGLAS emerged as the top gainer with a 9.97 per cent rise to N120.75, driven by strong demand and tight supply. Other major advancers included TIP (+9.90%), CAVERTON (+9.77%), and MULTIVERSE (+9.45%), reflecting a shift toward mid-tier and speculative stocks with positive momentum.

In contrast, the NASD OTC market witnessed a steep decline in activity, with trade volume crashing by 99.77 per cent to just 19,920 units and value plunging 94.46 per cent to N872,687.

Despite the flat NSI at 3,289.7 points and stable capitalisation of N1.93 trillion, the 37.5 per cent drop in trade count underscored dampened liquidity and weakened sentiment in the alternative market.