For the third consecutive occasion, the Nigeria Exchange Limited showcased remarkable growth, witnessing a 0.62 per cent increase in the All-Share Index (ASI), reaching 78,020.54 points.
By the market’s close on Thursday, equities soared by N263 billion, elevating the market capitalization by 0.62 per cent to N42.694 trillion compared to the preceding day’s N42.43 trillion.
Trading volumes saw a slight uptick, reaching 984.193 million units, marking a 0.06 per cent rise from the previous day’s 927.558 million units. Similarly, there was an increase in trade value to N11.16 billion, a 0.04 per cent climb from N10.69 billion.
Among the notable gainers were WEMABANK (+10.00 per cent, closing at N6.71), LEARNAFRCA (+10.00 per cent, closing at N3.19), TRANSCORP (+9.93 per cent, closing at N11.51), IKEJAHOTEL (+9.92 per cent, closing at N7.98), and STERLINGNG (+9.83 per cent, closing at N5.25).
On the flip side, some top losers included MULTIVERSE (-9.97 per cent, closing at N20.22), MEYER (-9.75 per cent, closing at N3.24), TRIPPLEG (-9.30 per cent, closing at N1.95), JOHNHOLT (-8.62 per cent, closing at N2.12), and ABCTRANS (-8.25 per cent, closing at N0.89).
In terms of volume, FCMB (+7.88 per cent) led with 106.81 million units, followed by FIDELITYBANK (+6.80 per cent) with 103.06 million units, UNITYBNK (+9.74 per cent) with 75.79 million units, STERLINGNG (+9.83 per cent) with 71.56 million units, and UNIVINSURE (+3.57 per cent) with 43.70 million units.
Regarding value, FIDELITYBK (+6.80 per cent) led with N1.31 billion, trailed by ZENITHBANK (+0.86 per cent) with N1.18 billion, FCMB (+7.88 per cent) with N957.53 million, ACCESSCORP (-3.47 per cent) with N877.98 million, and UBA (-2.10 per cent) with N839.55 million.
While GTCO (+1.20 per cent), MTNN (+2.84 per cent), and ZENITHBANK (+0.86 per cent) observed price gains among stocks valued over N1 trillion, tier-1 banks like UBA (-2.10 per cent), ACCESSCORP (-3.74 per cent), and FBNH (-2.34 per cent) faced price declines. However, GTCO (+1.20 per cent) and ZENITHBANK (+0.86 per cent) registered price gains within this category.
