Nigerian Exchange (NGX) has reached a milestone, with its All-Share Index (ASI) crossing the 100,000 mark for the first time since April 16, 2024.
Gatekeepers News reports that the NGX gained 0.67% on the day, closing at 100,057.49, a 661.26-point increase from the previous day’s 99,396.23 points. The market capitalization also rose, gaining N372 billion to close at N56.602 trillion.
The market’s performance was driven by a 7% gain from MTN Nigeria, with other top gainers including United Capital, Lasaco Assurance, CWG Plc, and Ikeja Hotel. Top-tier banking stocks also saw significant gains, with FBN Holdings, GTCO, UBA, and Zenith all posting increases.
In terms of turnover, Transnational Corporation (Transcorp) was the most traded stock, with a volume of 125.403 million shares. Guinness Nigeria was the leading stock in terms of turnover value, with a value of N2.88 billion.
The market breadth was positive, with 34 gainers and 12 losers.
The NGX gained 0.32% for the week, a significant improvement from the previous week’s 0.18% decline.
