Equity investors on the Nigerian Exchange (NGX) gained N170.71 billion on Thursday as the market extended its bullish run for the fifth consecutive session.
The All-Share Index (ASI) added 0.19 per cent or 269.36 points to close at 142,979.46 points, while market capitalisation climbed to N90.75 trillion. Year-to-date return strengthened to 38.91 per cent from 38.65 per cent in the previous session.
Gains in GTCO (+2.13 per cent), MTNN (+0.47 per cent), PZ (+10.00 per cent) and Nigerian Breweries (+1.71 per cent) lifted the market, outweighing declines in FIRSTHOLDCO (-1.59 per cent), FIDELITYBK (-2.38 per cent), ETI (-1.94 per cent) and UBA (-0.46 per cent).
Investor activity surged, with transaction volume rising 402.50 per cent to 5.73 billion units and value increasing 82.57 per cent to N46.13 billion. CONERST led with 5.44 billion units worth N25.06 billion.
Market breadth closed positive at 1.31x, with 33 gainers against 26 losers. PZ gained 10.00 per cent to top the gainers’ list, while RTBRISCOE fell 9.89 per cent to lead the losers.
At the NASD OTC Securities Exchange, investors lost N11.85 billion as market capitalisation fell 0.57 per cent to N2.06 trillion, while the Securities Index declined to 3,450.00 points.
Transaction volume jumped 944.55 per cent to 111.73 million units, though value contracted 80.95 per cent to N61.20 million. SDMIXREAL rose 9.13 per cent, while SDCSCSPLC dropped 9.66 per cent.
