The Nigerian Exchange (NGX) continued its bullish run on wednesday as the All-Share Index (ASI) climbed 0.57% to settle at 104,549.74 points. Investor sentiment remained strong, driving the total market capitalization to N64.52 trillion.
Market Highlights• Total Deals:16,256
•Total Volume Traded: 421,617,585 shares
•Total Value Traded:N14.99 billion
•Equity Market Capitalization: N64.52 trillion
•Bond Market Capitalization: N47.92 trillion
•ETF Market Capitalization: N29.08 billion
•Top Gainers
•The day’s biggest gainers were led by “Radel”
•(RADEL), which surged 10.00% to •N594.00. Other notable gainers include:
•Chellaram (CHELLARAM):+9.98% to N5.40
•Stanbic IBTC (STANBIC):+9.92% to N71.45
•United Palm (UPL):+9.64% to N5.12
•DAAR Communications (DAARCOMM): +9.09% to *N0.84*
•Top Losers
Despite the positive market trend, some stocks saw heavy declines. The worst-performing stocks were:
•McNichols (MCNICHOLS): -10.00% to N1.44
•Caverton Offshore (CAVERTON): -10.00% to N2.07
•Thomas Wyatt (THOMASWY): -9.80% to N1.84
•Veritas Kapital (VERITASKAP):-9.79% to N1.29
•Consolidated Hallmark (CONHALLPLC): -9.00% to N2.73
•Most Traded Stocks by Volume
•Universal Insurance (UNIVINSURE):33.62 million shares
•Fidelity Bank (FIDELITYBK):31.90 million shares • FCMB Group (FCMB):23.13 million shares • Japaul Gold (JAPAULGOLD):20.21 million shares
Veritas Kapital (VERITASKAP):17.08 million shares
Fixed Income Market
In the bond market, FG142027S1 saw a notable price increase from N70.00 to N93.36, gaining 23.36 points. Other Federal Government bonds remained stable, with no significant movement in yields.
Exchange-Traded Funds {ETFs}
VSPBONDETF: Up 37.47%* to N335.00
STANBICETF30: Gained 1.13% to N449.00
MERGROWTH: Slight increase of 0.23% to N430.00
SIAMLETF40 and GREENWETF* remained unchanged at N770.00 and N529.00, respectively.
Market Outlook
The NGX remains on an upward trajectory as investor confidence grows amid stable macroeconomic indicators. Analysts expect continued bullish sentiment, with banking and industrial sectors leading the charge.
