NGX: Market capitalisation rebounds with N29 billion gain
Bullish sentiment returned to the equity market on Thursday, following investors’ interest in Union Bank and United Bank for Africa(UBA) and the first gain of the week.
Specifically, the market capitalisation rise by N29 billion or 0.11 per cent to close at N26.782 trillion from N26.753 trillion on Wednesday.
Also, the All-Share Index advanced by 52.52 points or 0.11 per cent to close at 49,652.25 against 49,644.92 achieved on Wednesday.
Accordingly, year-to-date return increased to 16.24 per cent.
The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are: Ardiva, Chams and Etranzact.
Overall, the market was positive with 19 gainers relative to 9 losers.
Etranzact drove the gainers’ chart in percentage terms by 9.81 per cent to close at N2.91 per share.
Ardova followed with a gain of 8.94 per cent to close at N13.40, while Chams rose by 7.41 per cent to close at 29k per share.
Union Bank and FTNCocoa went up by 7.14 per cent each to close at N6 and 30k, respectively.
On the other hand, Vitafoarm led the losers’ chart in percentage terms by 9.96 per cent to close at N21.25 per share.
Multiverse Mining & Exploration followed with 9.92 per cent to close at N2.36 per share.
Champion Breweries shed 4.16 per cent to close at N3.69, while African Prudential Assurance lost 3.51 per cent each to close at N5.50 per share.
Honeywell Flour Mills fell by 2.77 per cent to close at N2.50 per share.
Also, the total volume traded rose by 2.5 per cent to 161.88 million units valued at N1.63 billion and exchanged in 3,541 deals.
Transactions in the shares of Transcorp topped the activity chart with 30.97 million shares valued at N34.45 million.
Fidelity Bank followed with 28.71 million shares worth N101.72 million, while Sterling Bank traded 19.82 million shares valued at N29.12 million.
First City Monument Bank (FCMB) traded 11.51 million shares valued at N37.95 million, while UBA transacted 9.4 million shares worth N67.84 million.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 5
Floods kill 44 people, leave more than one million stranded in Bangladesh
Many households remain trapped in their communities, stranded without food, clean water, and electricity.
States
Olubadan lauds Tinubu on release of Oriire kidnap victims, urges rehabilitation
“As a follow-up to this development, the government must ensure that all communities bordering the National Park are fully secure,” he said.
Heading 1
Iran’s new supreme leader vows revenge over father’s assassination by U.S.-Israeli forces
“We pledge to avenge the blood of the martyred leader and all the martyrs of these two wars from the criminal and disgraced killers,” he said.
Heading 4
Trump administration subpoenas New York Times journalists over Air Force One story
The subpoenas seek to compel the reporters to testify before a federal grand jury in Manhattan.
Heading 2
Klopp agrees to replace Nagelsmann as Germany coach
Nagelsmann resigned last week as the men’s national team coach following Germany’s shocking exit from the 2026 FIFA World Cup.
Health
FG expands cancer funding, local drug production
“We are trying to domesticate expensive treatments by producing much-needed medicines locally and translating global research into action in our clinics,” he said.
