NGX Capitalisation Hits N150trn As Investors Gain N5.55trn In 1 Day

Activities on the Nigerian Exchange Limited (NGX) surged dramatically on Wednesday, pushing the total market capitalisation to N150 trillion for the first time as investors gained N5.55 trillion in a single trading session.

The market extended the previous day’s bullish run, adding a massive N5.554 trillion in value as strong buying interest pushed market capitalisation to a new all-time high.

The All-Share Index advanced by 8,625.79 points, representing a 3.77 per cent increase to close at 237,205.59 points. In the same vein, market capitalisation rose to N152.728 trillion, reflecting sustained investor confidence across key counters.

The rally was largely driven by price gains in highly capitalised and mid-tier stocks, including Airtel Africa, Aradel Holdings, MTN Nigeria Communications (MTNN), Beta Glass, and Dangote Cement.

Market analysts expect the bullish sentiment to persist into Thursday’s trading session, with Cowry Assets Management Limited attributing the outlook to continued investor positioning ahead of anticipated full-year dividend announcements, which typically stimulate accumulation during the earnings cycle.

Market breadth closed positive, with 48 gainers outpacing 42 losers. Chemical and Allied Products (CAP), UACN, Zichis Agro Allied Industry, and Airtel Africa led the gainers’ chart with 10 per cent appreciation each, closing at N132.00, N165.00, N19.80, and N3,021.30 per share, respectively.

Jaiz Bank rose by 9.99 per cent to N8.81, while PZ Cussons Nigeria gained 9.96 per cent to close at N98.80 per share.

On the losers’ side, Cadbury Nigeria and John Holt led the decliners, shedding 10 per cent each to close at N66.15 and N12.60 respectively. eTranzact International followed with a 9.97 per cent decline to N15.80, while Morison Industries and Haldane McCall dropped by 9.92 per cent and 9.74 per cent to close at N10.62 and N3.43 per share, respectively.

Trading activity also strengthened, with total volume rising by 38.96 per cent to 1.334 million units, valued at N69.089 billion across 83,445 deals. Access Holdings dominated activity, accounting for 242.201 million shares worth N6.272 billion. It was followed by United Bank for Africa (UBA), which exchanged 149.102 million shares valued at N6.462 billion, and Lasaco Assurance, which exchanged 73.970 million shares valued at N144.487 million.

Wema Bank recorded 55.078 million shares valued at N1.897 billion, while Zenith Bank traded 44.562 million shares worth N5.545 billion.