Nigerian stock exchange posts all-time high gain of N1.806 trillion.

Nigerian stock exchange posts all-time high gain of N1.806 trillion.

The Nigerian Exchange Limited (NGX), operating under the Nigerian Exchange Group (NGX Group), achieved a historic milestone as investors gained N1.806 trillion in a single trading session.

This significant market boost followed a sharp rise in the All-Share Index (ASI), which climbed by 2,457.13 points—or 2.01%—to close at 124,446.80. This marks the first time the index has surpassed the 124,000-point threshold, up from its previous close of 121,989.67.

Analysts attribute the surge to renewed investor confidence driven by improved liquidity conditions and ongoing economic reforms.

Market capitalisation also witnessed a strong rise, increasing by 2.35% to N78.726 trillion, compared to N76.970 trillion recorded in the previous session.

Market breadth was notably positive, with 70 stocks posting gains against just 10 decliners.

Among the top gainers, FTN Cocoa, UPDC, United Bank for Africa (UBA), Consolidated Hallmark Holdings, and Haldane McCall all advanced by 10%, closing at N6.82, N4.62, N39.60, N3.30, and N4.73 per share respectively.

On the flip side, Neimeth International Pharmaceuticals led the losers' chart, declining by 9.91% to close at N9.00. Legend Internet followed with a 9.88% drop to N7.21. Industrial and Medical Gases shed 7.36% to end at N34.00, Cadbury Nigeria fell 6.22% to N55.00, and Livestock Feeds declined by 5.67% to N9.15.

Trading activity was robust, with 1.3 billion shares valued at N27.73 billion exchanged in 27,875 transactions. This represents a notable increase from the previous day’s 888.70 million shares worth N15.61 billion in 24,303 trades.

Access Corporation led in volume and value, trading 174.22 million shares worth N3.99 billion. AIICO Insurance followed with 81.96 million shares valued at N165 million, while Ja Paul Gold recorded 74.01 million shares worth N245.2 million. UBA and First City Monument Bank (FCMB) traded 64.51 million shares and 63.3 million shares respectively, valued at N2.52 billion and N585.75 million.