The Nigerian Exchange Limited (NGX) continued upbeat yesterday, as investors’ wealth soared by N1.1 trillion in three trading days.
The positive momentum underscores growing optimism around the resilience of market fundamentals and corporate earnings potential.
Specifically, the all-share index, which measures the performance of listed firms rose by 1742.08 points or 1.2per cent to 145,813.86 from 144,071.78 recorded on Monday, August 4, 2025.
Similarly, the overall market capitalisation of listed equities gained N1.1 billion to close at N92.2 trillion from N91.1 trillion achieved on Monday.
Market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Transcorp Hotels, BUA Cement, Guinness Nigeria, Oando and Custodian Investment.
On market outlook, Afrinvest Limited said: “We anticipate a moderation in buy sentiment as investors are likely to book some gains.”
Investor sentiment remained broadly upbeat, with market breadth closed positive as 53 stocks recorded gains, while 26 posted losses.
Meyer, Guinness Nigeria, Learn Africa, AXA Mansard Insurance, Mutual Benefits Assurance, NEM Insurance, SCOA Nigeria, Jaiz Bank and Haldane McCall recorded the highest price gain of 10 per cent each to close at N18.15 kobo, N128.75 kobo, N6.27 kobo, N12.10 kobo, N2.42 kobo, N29.70 kobo, N5.50 kobo, N4.73 kobo and N4.84 kobo.
Consolidated Hallmark Holdings, Sterling Financial Holdings Company and C&I Leasing followed with a gain of 9.97 per cent each to close at N4.08 kobo, N8.16 kobo and N7.61 kobo respectively, while Cornerstone Insurance and Custodian Investment rose by 9.96 per cent each to close at N5.30 kobo and 43.05 kobo.
On the other hand, UACN and Nigerian Exchange Group led the losers’ chart by 10 per cent each to close at N90 and N63 respectively, while Living Trust Mortgage Bank followed with a decline of 9.93 per cent to close at N5.35 kobo.
Multiverse Mining & Exploration shed 9.68 per cent to close at N9.80 kobo, while RT Briscoe (Nigeria) lost 9.09 per cent to close at N3.50 kobo.
The total volume of trade increased by 168.02 per cent to 2.698 billion units, valued at N32.63 billion, and exchanged in 35,137 deals. Transactions in the shares of Consolidated Hallmark Holdings topped the activity chart with 1.015 billion shares valued at N2.668 billion.
Linkage Assurance followed with 562.32 million shares worth N978.44 million, while Sterling Financial Holdings Company traded 183.77 million shares valued at N1.498 billion.
AIICO Insurance traded 90.68 million shares valued at N262.98 million, while Zenith Bank transacted 60.35 million shares worth N4.547 billion.
