The equities market of the Nigerian Exchange Group (NGX) commenced the trading week on a bullish note, delivering a ₦279 billion gain to investors and extending the positive momentum from the previous week.
The market upturn was largely driven by renewed investor interest in large-cap stocks such as Beta Glass, Champion Breweries, FTN Cocoa Processors, and 43 others.
Specifically, the market capitalisation rose by 0.37 per cent, or ₦279 billion, from ₦74.533 trillion to ₦74.812 trillion. Similarly, the All-Share Index advanced by 441.43 points, or 0.37 per cent, closing at 118,579.65 points, compared to 118,138.22 points at the previous session.
Market breadth also remained positive with 46 gainers against 22 losers.
Leading the gainers’ chart, Beta Glass appreciated by 10 per cent to close at ₦303.60 per share, while Champion Breweries also gained 10 per cent to settle at ₦9.02. FTN Cocoa Processors climbed 10 per cent to close at ₦3.08, just as Neimeth International Pharmaceuticals rose to ₦4.07 per share. Presco PLC likewise gained 10 per cent, ending the day at ₦1,210.
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Conversely, Julius Berger led the laggards, shedding 7.48 per cent to close at ₦117.50 per share. Chams Holding lost 5.09 per cent to close at ₦2.05, Secure Electronic Technology dipped by five per cent to 57k, and Multiverse Mining declined by 4.66 per cent to ₦9.20. Red Star Express also lost 3.85 per cent to settle at ₦7.50 per share.
In total, 653.66 million shares valued at ₦21.33 billion were traded across 22,206 deals, surpassing the 522.81 million shares worth ₦19.68 billion exchanged in 17,706 deals in the previous session.
Fidelity Bank led the activity chart with 141.71 million shares valued at ₦2.66 billion. It was followed by Zenith Bank with 46.26 million shares worth ₦2.35 billion, and Nigerian Breweries, which recorded transactions of 38.09 million shares worth ₦2.21 billion. FTN Cocoa Processors traded 37.98 million shares valued at ₦115.90 million, while Access Corporation accounted for 37.93 million shares worth ₦843.74 million.
