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The Nigerian stock market extended its bullish run on Wednesday, gaining N374 billion to record its 10th consecutive positive session.

The sustained buying interest was driven by Eterna, Thomas Wyatt, Critical Minerals Financing Corp, Haldane McCall, Omatek Ventures and 38 other stocks.

The Nigerian Exchange Ltd. (NGX) market capitalisation rose to N163.056 trillion from N162.682 trillion recorded on Tuesday.

This represented a gain of N374 billion, equivalent to a 0.23 per cent increase in the market’s capitalisation.

Similarly, the All-Share Index (ASI) advanced by 576.36 points, representing a 0.23 per cent increase.

The ASI closed at 251,191.02, compared with 250,614.66 recorded at the previous trading session.

The market’s year-to-date return consequently improved to 61.42 per cent, reflecting sustained positive sentiment among investors.

Market breadth also closed positive, recording 43 gainers against 20 losers during the trading session.

Trading activity strengthened significantly, with total volume rising by 89.97 per cent to 1.59 billion shares.

The shares were traded in 49,836 deals, with the transactions valued at N45.82 billion during the session.

Fortis Global Insurance dominated trading by volume, with 860.31 million shares exchanged, representing 54.09 per cent of total market volume.

Guaranty Trust Holding recorded the highest transaction value, with deals worth N11.85 billion, accounting for 25.87 per cent of total value traded.

Eterna led the gainers’ table, appreciating by 10 per cent to close at N38.50 per share.

Thomas Wyatt followed, gaining 9.88 per cent to settle at N2.78, while Critical Minerals Financing Corp rose 9.76 per cent.

Critical Minerals Financing Corp closed at N2.70 per share, extending the positive performance among actively demanded equities.

Haldane McCall appreciated by 9.70 per cent, closing at N3.28, while Omatek Ventures gained 9.63 per cent.

Omatek Ventures ended the session at N1.48 per share, joining the leading stocks that supported the market’s upward movement.

On the losing side, Caverton Offshore Support Group led decliners, shedding 9.09 per cent to close at N4.00 per share.

University Press followed with a 9 per cent decline, finishing at N4.55, while WAPIC fell by 6.30 per cent.

WAPIC closed at N2.23 per share, while Veritas Kapital Assurance declined by 5.45 per cent to N1.04.

United Capital also lost 5 per cent, settling at N17.10 per share at the close of trading.

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The stock market closed on a positive note on Tuesday, as performance indices grew by 0.18 per cent due to increased buying activity.

Banking, financial services and consumer goods stocks drove the market higher.

Market capitalisation rose by N297 billion, or 0.18 per cent, to close at N162.682 trillion, compared with N162.385 trillion on Monday.

Similarly, the All-Share Index (ASI) increased by 457.86 points, or 0.18 per cent, to settle at 250,614.66.

The uptrend was driven by strong buying interest in medium and large-capitalised stocks such as Sovereign Trust Insurance, Critical Minerals Financing Corp, Neimeth International Pharmaceutical, Cadbury Nigeria, Fortis Global Insurance and 31 other stocks.

While the market’s year-to-date (YTD) return improved to 61.05 per cent, the market breadth closed positive with 36 gainers and 26 losers.

On the gainers’ chart, Sovereign Trust Insurance led by 9.95 per cent, finishing at N2.21.

Critical Minerals Financing Corp followed by 9.82 per cent, closing at N2.46, while Neimeth International Pharmaceutical rose by 8.90 per cent, settling at N7.95 per share.

Similarly, Cadbury Nigeria increased by 8.29 per cent, ending the session at N60.10 and Fortis Global Insurance advanced by 7.73 per cent, finishing at N1.95 per share.

On the flip side, Multiverse Mining led by 9.86 per cent, closing at N19.20, Haldane McCall trailed by 9.39 per cent, settling at N2.99 and Champion Breweries shed by 8.68 per cent, finishing at N10 per share.

Also, Mutual Benefits soared by 8.38 per cent, closing at N3.50, while AXA Mansard Insurance fell by 6.67 per cent, ending the session at N11.20 per share.

Trading activity strengthened during the session, as total volume rose by 45.82 per cent to 837.26 million shares, valued at N48.57 billion in 52,126 deals.

Fidelity Bank led trading volume with 165.43 million shares, representing 19.76 per cent of total volume, while Zenith Bank accounted for the highest value traded at N13.73 billion, representing 28.27 per cent of total value.

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The Nigerian equities market opened the week on Monday, sustaining its upward trend as investors recorded a gain of N228 billion.

Sustained interest in Sunu Assurances, Nascon Allied Industries, Omatek Ventures, Thomas Wyatt and Critical Minerals Financing Corp as well as 34 other advancing stocks boosted market performance.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N162.157 trillion, appreciated by N228 billion or 0.14 per cent to close at N162.385 trillion.

Similarly, the All-Share Index added 0.14 per cent or 352.24 points to close at 250,156.80, compared with 249,804.56 recorded on Friday.

This led to the market’s year-to-date (YTD) return rising to 60.76 per cent.

The market breadth also closed positive with 39 gainers and 26 losers.

Nascon Allied Industries, Sunu Assurances, Thomas Wyatt Nigeria, Critical Minerals Financing Corp and Omatek Ventures led the gainers’ chart by 10 per cent each, settling at N176, N3.08, N2.53, N2.24 and N1.32 per share respectively.

Conversely, Okomu Oil led the losers’ chart by 10 per cent, closing at N1,276.20, Custodian Investment followed by 9.13 per cent, finishing at N68.15 while Sovereign Trust Insurance dipped by 8.64 per cent, ending the session at N2.01 per share.

Also, Haldane McCall fell by 8.33 per cent, settling at N3.30 and Ellah Lakes dropped by 5.39 per cent, closing at N7.90 per share.

Trading activity strengthened during the session, as volume rose by 9.16 per cent to 574.19 million shares, valued at N38.06 billion in 68,655 transactions.

Zenith Bank led market activity by volume and value, with 77.07 million shares worth N9.90 billion traded, representing 13.42 per cent and 26.01 per cent of total volume and value, respectively.

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The Nigerian stock market extended its upward trend on Friday, gaining N2.265 trillion in its seventh consecutive bullish session.

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The Nigerian stock market extended its positive momentum on Wednesday, marking the fifth consecutive bullish session.

The market’s upward movement was driven by gains in equities like: Sovereign Trust Insurance, Champion Breweries, Livestock Feeds, Learn Africa, Mutual Benefits and 29 other stocks.

The market capitalisation increased by 0.20 per cent, adding N315 billion to investors’ portfolio as the market opened at N158.399 trillion and closed higher at N158.714 trillion.

Similarly, the All-Share Index (ASI) rose by 0.20 per cent, advancing by 487.28 points to close at 244,791.79, compared to 244,304 51 recorded on Teusday.

Consequently, the market’s Year-to-Date return improved to 57.31 per cent.

Also, the market breadth closed positive with 34 gainers against 26 losers.

On the gainers’ chart, Sovereign Trust Insurance led by 9.69 per cent, closing at N2.15, Champion Breweries followed by 9.50 per cent, finishing at N10.95 while Livestock Feeds increased by 9.42 per cent, ending the session N7.55 per share.

Similarly, Learn Africa gained by 9.09 per cent, settling at N8.40 and Mutual Benefits advanced by 8.93 per cent, closing at N3.05 per share.

Conversely, Industrial and Medical Gases led the losers’ chart by 9.93 per cent, settling at N27.65, John Holt trailed by 9.88 per cent, finishing at N7.30 while Livingtrust Mortgage Bank lost by 9.84 per cent, ending the session at N2.84 per share.

Also, Fidson Healthcare declined by 9.19 per cent, closing at N72.65 and Royal Exchange dipped by 9 per cent, finishing at 91k per share.

Market activity strengthened during the session, with total volume traded rising by 27.23 per cent to 662.43 million shares, valued at N37.45 billion in 63,271 deals.

Sterling Nigeria led trading volume with 142.04 million shares, accounting for 21.44 per cent of the total.

Guaranty Trust Holding Company recorded the highest value traded at N5.27 billion, representing 14.07 per cent of the day’s total.

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The Nigerian equities market extended its bullish run on Tuesday, with investors gaining N652 billion amid sustained buying interest in major stocks.

The gains were driven by NGX Group, Aradel Holdings, Sovereign Trust Insurance, Mc Nicholas, International Breweries and 29 other equities.

The market capitalisation opened at N157.747 trillion before adding N652 billion, representing a 0.41 per cent increase, to close at N158.399 trillion.

Similarly, the All-Share Index rose by 1,005.27 points, representing 0.41 per cent, to close at 244,304.51 points.

The index had closed at 243,299.24 points on Monday, reflecting continued positive sentiment among investors in the domestic equities market.

The latest performance strengthened the market’s Year-to-Date return to 56.99 per cent, indicating sustained gains since the beginning of the year.

Market breadth also closed positive, with 34 equities recording gains compared with 26 decliners at the end of Tuesday’s trading session.

NGX Group led the gainers’ chart, appreciating by 9.95 per cent to close at N179 per share.

Aradel Holdings followed, rising by 9.62 per cent to finish at N1,550 per share, while Sovereign Trust Insurance gained 9.50 per cent.

Sovereign Trust Insurance closed at N1.96 per share, reflecting strong investor demand during the trading session.

Mc Nicholas advanced by 9.09 per cent to close at N4.80, while International Breweries gained 8.50 per cent to N10.85.

On the losers’ chart, Ecobank Transnational Incorporated led the decliners, shedding 10 per cent to close at N66.60 per share.

Trans-Nationwide Express followed with a 9.93 per cent decline, closing at N2.45, while AVA Capital fell by 9.90 per cent to N4.55.

PZ Cussons declined by 9.52 per cent to finish at N75.10, while Prestige Assurance dropped by 8.72 per cent to close at N1.36.

Trading activity also strengthened during the session, with total volume rising to 505.12 million shares across 71,635 transactions.

The shares were valued at N36.29 billion, indicating increased market participation and sustained investor activity during Tuesday’s trading session.

Mutual Benefits led trading volume with 39.01 million shares, representing 7.49 per cent of the total volume traded.

Aradel Holdings recorded the highest transaction value, with trades worth N6.35 billion, accounting for 17.09 per cent of the session’s total.

The positive close extended the market’s recent upward momentum, supported by gains across several major equities despite significant losses recorded by some stocks.

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The stock market opened the week on a positive note on Monday, recording a N160 billion gain for investors as it extended its positive run to three consecutive sessions.

The gains were driven by strong demand for Royal Exchange, NGX Group, RT Briscoe, Secure Electronic Technology, Prestige Assurance and 16 other stocks.

Specifically, the market capitalisation, which opened at N157.587 trillion, added N160 billion to close at N157.747 trillion.

Similarly, the All-Share Index soared by 0.10 per cent or 246.50 points, settling at 243,299.24 compared with 243,052.74 recorded Friday, Sept.11.

Consequently, the market’s Year-to-Date return improved to 56.35 per cent.

In spite of the uptrend, the market breadth closed negatively with 28 losers and 21 gainers.

John Holt led the losers’ chart by 10 per cent, ending the session at N8.10, Ellah Lakes and Daar Communications followed by 9.80 per cent each, settling at N9.20 and N1.38 per share respectively.

Also, Regency Alliance Insurance fell by 8.97 per cent, closing at 71k and Learn Africa dipped by 8.67 per cent, finishing at N7.90 per share.

Conversely, NGX Group and Royal Exchange led the gainers’ chart by 10 per cent each, closing at N162.80 and 99k per share respectively.

Similarly, RT Briscoe gained by 9.88 per cent, settling at N8.90, Secure Electronic Technology climbed by 7.69 per cent, finishing at 70k while Prestige Assurance increased by 7.19 per cent, ending the session at N1.49 per share.

A critical analysis of the market activity showed decline in the market value and volume with an increase in the deals.

A total of 428.97 million shares worth N20.52 billion were traded across 54,592 transactions, compared to Friday’s 582.89 million shares valued at N25.79 billion that was exchanged in 45,678 deals.

Sterling Nigeria led trading volume with 78.05 million shares, accounting for 18.20 per cent of the day’s total volume.

Aradel Holdings recorded the highest transaction value at N2.48 billion.

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Selloffs in stocks such as FTN Cocoa Processors, Japaul Gold, Mc Nicholas, Omatek Ventures, Secure Electronic Technology and 39 others dragged the market into negative territory.
 
As a result, market capitalisation declined by 1.05 per cent, or N1.672 trllion, from N158.721 trillion at the opening to N157.049 trillion at the close.
 
Similarly, the All-Share Index fell by 2,579.01 points, or 1.05 per cent, from 244,802.11 to 242,223.10.
 
Consequently, the market’s Year-to-Date return erased to 55.66 per cent.
 
The market breadth also closed negatively, recording 44 losers and 11 gainers.
 
On the losers’ chart, FTN Cocoa Processors, Mc Nicholas, Japaul Gold, Omatek Ventures and Secure Electronic Technology led by 10 per cent each, ending the session at N7.65, N4.50, N2.34, N1.35 and 63k per share respectively.
 
Conversely, Champion Breweries led the gainers’ chart by 9.90 per cent, finishing at N11.10, VFD Group trailed by 9.52 per cent, settling at N11.50 while UPDC climbed by 5.88 per cent, closing at N3.60 per share.
 
Also, Ikeja Hotel gained by 4.58 per cent, settling at N44.50 and Cutix increased by 3.06 per cent, closing at N2.36 per share.
 
Trading activity on the Nigerian Exchange Ltd. (NGX) weakened during the session, with total volume falling by 29.04 per cent to 534.45 million shares.
 
The transactions were valued at N22.28 billion and executed in 46,943 deals.
 
Sterling Nigeria led trading volume with 78.11 million shares, representing 14.61 per cent of total volume.
 
Nestle Nigeria dominated value traded, with transactions worth N3.20 billion, accounting for 14.38 per cent of the day’s total value.

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