Investors Gain N1.09trn as ASI Rises 1.57% on Renewed Optimism
NGX
…AIRTELAFRI, GTCO, ZENITHBANK lead market rally despite lower trades
Investors on the Nigerian Exchange gained N1.09 trillion as the All-Share Index climbed by 1.57 per cent to close at 111,606.22 points, reflecting a fresh wave of optimism driven by gains in key large-cap stocks.
The market capitalisation advanced to N70.38 trillion, despite a 19.13 per cent decline in the number of trades, indicating that fewer but higher-value transactions fuelled the rally.
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Telecom giant AIRTELAFRI emerged as the top gainer with a 10 per cent surge to N2,372.50, buoyed by N247.16 million in trade value. Other notable movers included ARADEL (4.76%), GTCO (2.05%), ZENITHBANK (0.52%), and FIDELITYBK (1.65%). While volume and value traded dipped by 1.19 per cent and 11.04 per cent respectively, investor sentiment remained bullish with a market breadth of 1.71-to-1.
CUSTODIAN led the volume chart with 37.59 million units traded, while GTCO topped the value chart for the second consecutive session with N1.57 billion in transactions.
Meanwhile, the NASD over-the-counter market rebounded strongly, with the Securities Index up 0.56 per cent to 3,205.5 points. Market capitalisation rose to N1.88 billion, as trading volume jumped 1,625.88 per cent to 15.34 million units, and value surged 2,588.76 per cent to N608.94 million across 31 deals.
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