The day’s strong performance came on the back of heightened market activity, with both volume and value of trades climbing sharply. Daily trading volume surged to 1.7 billion shares, a significant jump from the previous day’s 1.03 billion, spread across 35,137 deals. This uptick in investor engagement was accompanied by a new milestone: total market capitalisation rose to ₦92.2 trillion, breaching the ₦92 trillion mark for the first time in history.
Gainers Dominate as SCOA, JAIZBANK, Others Hit Limit-Up
The bullish sentiment was reinforced by strong price gains in several counters. Leading the pack of top performers were:
- SCOA: +10.00% to ₦5.50
- HMCALL: +10.00% to ₦4.84
- NEM Insurance: +10.00% to ₦29.70
- LEARNAFRCA: +10.00% to ₦6.27
- JAIZBANK: +10.00% to ₦4.73
These stocks hit the maximum daily gain allowed by the exchange, reflecting strong demand and investor confidence in select sectors.
Sharp Declines for UACN, NGXGROUP, UHOMREIT
However, not all stocks shared in the day’s optimism. A few heavyweights suffered significant sell-offs:
- UACN: -10.00% to ₦90.00
- NGXGROUP: -10.00% to ₦63.00
- UHOMREIT: -10.00% to ₦57.60
- LIVINGTRUST: -9.93% to ₦5.35
- MULTIVERSE: -9.68% to ₦9.80
These losses, though limited in number, highlight the continued volatility in certain segments of the market.
Volume & Value Leaders: CONHALLPLC, ZENITHBANK in Focus
Trading activity was dominated by a few high-volume counters:
- CONHALLPLC led the volume chart with 1 billion shares exchanged, underlining a strong investor rotation into the stock.
- LINKASSURE followed with 562.3 million shares, and
- STERLINGNG ranked third with 183.7 million shares.
- AIICO (90.6 million shares) and ZENITHBANK (60.3 million shares) completed the top five.
On the value side:
- ZENITHBANK led with trades worth ₦4.5 billion,
- CONHALL recorded ₦2.6 billion,
- MTNN posted ₦1.7 billion,
- UBA had ₦1.6 billion, and
- ACCESSCORP completed the top five with ₦1.5 billion in turnover.
SWOOT & FUGAZ: Mixed Fortunes Among Market Giants
Among the Stocks Worth Over One Trillion Naira (SWOOT), performance was mixed:
- TRANSCORP HOTELS delivered the day’s standout performance in this category, climbing +9.95%,
- BUA CEMENT followed with a strong +7.33% gain.
On the downside:
- INTERNATIONAL BREWERIES fell by -2.17%, and
- Nigerian Breweries (NB) dipped by -0.53%.
The FUGAZ banks—Nigeria’s five top-tier financial institutions—also showed divergent results:
- FIRSTHOLDCO rose by +1.25%,
- GTCO added +0.40%,
- ACCESSCORP declined by -0.55%,
- ZENITHBANK dropped -1.98%, and
- UBA shed -1.64%.
Outlook: All Eyes on 150,000 Milestone
With the All-Share Index now firmly above the 145,000 mark and investor sentiment buoyed by gains in key stocks, analysts believe the NGX could be on course to test the 150,000 level—provided the positive momentum holds.
However, market watchers also caution that profit-taking could set in if valuations stretch too far or macroeconomic indicators soften. For now, though, the market remains in bullish territory, supported by institutional flows and strong investor interest in select equities.