• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 19, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

NGX Market Capitalization Rises By N85bn, Banking Stocks Lead Gainers

by Leadership News
2 years ago
in Business
ngx
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Exchange Ltd. (NGX) witnessed a surge in investor value by N85 billion, fueled by heightened purchasing activity in several bank shares, notably Zenith Bank and Access Holdings.

Advertisement

Closing at N39.649 trillion compared to the previous day’s N39.564 trillion, the market capitalization indicated a 0.22% climb, showcasing investor confidence and interest.

 

The All-Share Index (ASI) mirrored this growth, ascending by 156.04 points or 0.22% to conclude at 72,455.83 from the previous day’s 72,299.79, further strengthening the market sentiment.

 

RELATED

How To Start Accepting Crypto As A Business

How To Start Accepting Crypto As A Business

3 hours ago
Why Credit Cards Excel For Online Casino Payments In Canada

Why Credit Cards Excel For Online Casino Payments In Canada

6 hours ago

This surge correspondingly elevated the Year-to-Date (YtD) performance to 41.37%, indicating a favourable market outlook.

 

Banking stocks, including First City Monument Bank (FCMB), United Bank of Africa (UBA), and Fidelity Bank, contributed significantly to this positive market trend, riding the wave of increased investor interest.

 

The market breadth leaned towards positivity with 27 gainers outweighing 26 laggards in a day marked by notable fluctuations.

 

On the gainers’ front, Infinity led the charge with a percentage increase of 9.83% to close at N2.57 per share. Following closely was Johnholt, with a gain of 9.73% to close at N2.03 per share.

 

Ikeja Hotel saw an uptick of 9.20% to close at N4.75 per share, while Daar Communications and E-Tranzact both recorded a 7.69% increase to close at N0.42 and N7 per share, respectively.

 

Conversely, RTBriscoe topped the losers’ chart by shedding 9.84% to close at 55k per share. UPDCreit trailed, declining by 9.78% to close at N4.15 per share.

 

Mutual Benefits Assurance recorded a loss of 9.43%, closing at 48k per share. Omatek and Sovereign Trust Insurance also experienced declines, shedding 7.79% and 7.69% respectively, closing at 71k and 36k per share, respectively.

 

Despite the market’s upward trajectory, the total volume traded experienced a 10% decline, reaching 446.58 million units valued at N7.266 billion in 6,845 deals.

 

Access Holdings dominated the trading activity chart with 77.26 million shares valued at N1.76 billion. FCMB followed closely with 45.24 million shares worth N318.61 million, while Zenith Bank traded 37.29 million shares valued at N1.38 billion.

 

UBA transacted 29.3 million shares valued at N724.07 million, and Fidelity Bank traded 27.51 million shares worth N257.28 million.

This report signifies a surge in banking stocks’ appeal among investors, contributing substantially to the market’s overall positive performance. (NAN)


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: NGX
SendShareTweetShare
Previous Post

No Deal Without Bazoum, ECOWAS Tells Niger Junta

Next Post

Army Arrests IPOB/ESN Commander, Recovers Weapons In Enugu

Leadership News

Leadership News

You May Like

How To Start Accepting Crypto As A Business
Business

How To Start Accepting Crypto As A Business

2025/07/18
Why Credit Cards Excel For Online Casino Payments In Canada
Business

Why Credit Cards Excel For Online Casino Payments In Canada

2025/07/18
Expo To Champion Homegrown Tech, Local Manufacturing
Business

Expo To Champion Homegrown Tech, Local Manufacturing

2025/07/18
GTCO’s Squad Partners Omnipay To Simplify FMCG Payments
Business

GTCO’s Dual Listings Drive Share Price Appreciation

2025/07/18
ECA Projects Slow Global GDP Growth
Business

Clean Energy: Economic Commission Pushes For Innovative Financing For Africa’s Industries

2025/07/18
I Will Continue To Support, Collaborate  With Army – Uzodimma
Business

Digital Skill: Imo Partners California Varsity To Train 100,000 Youths

2025/07/18
Leadership Conference advertisement

LATEST

Enugu Police Rescue 6 Stolen Children In Multiple Operations

Hit-and-Run Driver Kills Police Officer In Gombe

Police Arrest Wanted Notorious Bandit, Others In Kaduna

Your Periodic Attempts To Review 1999 Constitution, A Waste Of Resources, Gov Diri Tells Lawmakers

Pension: Labour Rejects Ogun Gov’s Plea, Vows To Continue Indefinite Strike

How To Start Accepting Crypto As A Business

WAFCON 2025: Dominant Super Falcons Thrash Zambia 5-0 To Reach Semifinals

In Kano, Tinubu Hails Late Dantata’s Legacy Of Humility, Generosity

Why Credit Cards Excel For Online Casino Payments In Canada

ICPC To Arraign KANSIEC Chair, Others Over Alleged N1bn Money Laundering

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.