Investors gain N364.7bn as NGX ASI adds 0.6%

Equities trading at the Nigerian Exchange (NGX), on Wednesday, closed on a positive note, as the All-Share Index gained 0.57 percent to settle at 104,549.74 basis points, pushing the year-to-date return to 1.58 percent.

Market capitalization mirrored this growth, rising by 0.57 percent to N64.52 trillion, driven by the release of full-year 2024 financial results from listed companies.

This added N364.7 billion in gains to the equities market by the end of the session.

Despite the overall positive sentiment, market breadth remained negative, with 38 decliners outpacing 26 advancers.

Leading the gainers were Aradel Holdings, Chellaram, Stanbic IBTC Holdings, University Press and Daar Communication, which surged by 10.00 percent, 9.98 percent, 9.92 percent, 9.64 percent, and 9.09 percent, respectively.

On the flip side, MC Nicholas and Caverton Offshore Support Group led the laggards with a 10.00 percent decline each, followed by Thomas Wyatt, Veritas Capital and Consolidated Hallmark Insurance.

ALSO READ: NGX: Bank capitalisation, new listings to grow ASI by 39% in 2025

Sectoral performance was largely positive, with the Banking, Consumer Goods, Oil & Gas, Industrial Goods, and Commodity indices posting gains of 0.75 percent, 0.81 percent, 3.34 percent, 0.01 percent, and 1.91 percent, respectively.

However, the Insurance sector declined by 1.65 percent.

Trading activity remained robust, as the number of deals and total value traded increased by 4.47 percent and 9.99 percent to 16,256 deals and N15 billion, respectively.

Conversely, total volume fell by 22.24 percent to 42.162 million units. Universal Insurance was the most traded stock by volume, with 33.6 million units exchanged across 189 deals, while Aradel Holdings led in value, contributing N6.3 billion to the day’s transactions.

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