Kayode Tokede
Nigerian Alternate Restricted (NGX) opened the 12 months on a robust footing, with inventory market capitalisation crossing the N100 trillion mark, buoyed by renewed investor demand and broad-based positive aspects throughout listed shares.
Market knowledge confirmed that inventory market capitalisation rose from N99.94 trillion it closed for buying and selling final week, gained N1.87 trillion to shut yesterday at N101.81 trillion. In greenback phrases, market capitalisation superior from $69.61 billion to $71.15 billion.
Additionally, the NGX All-Share Index (ASI) gained 1.74 per cent within the newest buying and selling session to 159,218.22basis factors from 156,492.36 foundation factors it shut final week, lifting each month-to-date and year-to-date returns to 2.32 per cent.
The rally was pushed by robust shopping for curiosity in shares equivalent to BUA Cement Plc (2.5 per cent), Warranty Belief Holdings Plc (5.1 per cent), United Financial institution for Africa Plc (6.6 per cent) reflecting the standard “January Impact” that usually characterises early-year market exercise.
Analysing by sectors, the NGX Insurance coverage Index (+5 per cent), NGX Banking Index (+4.7per cent), NGX Oil & Gasoline Index (+3.8per cent), NGX Client Items Index (+2.1per cent) and NGX Industrial Items index (+one per cent) superior.
Investor sentiment strengthened markedly, with market breadth enhancing to 9.13x as 73 shares recorded positive aspects towards eight decliners, signalling widespread participation within the rally.
Commenting on the milestone, Group Managing Director and Chief Govt Officer of Nigerian Alternate Group, Temi Popoola in a press release mentioned the achievement displays rising confidence within the Nigerian capital market.
“The equities market capitalisation crossing the N100 trillion mark is a defining milestone for Nigeria’s capital market and a transparent sign of renewed investor confidence because the 12 months begins,” Popoola mentioned. “It displays the market’s rising depth, resilience, and talent to reply positively to enhancing macroeconomic situations and structural reforms.”
He added that sustained collaboration between market stakeholders and regulators has performed a key function in strengthening market credibility. “Over the previous two years, nearer alignment between market operators, policymakers, and the Securities and Alternate Fee (SEC) has enhanced transparency, liquidity, and investor safety, reinforcing the Alternate’s function in mobilising long-term capital for financial development,” he mentioned.
Offering additional perception into market exercise, Jude Chiemeka, Chief Govt Officer, Nigerian Alternate Restricted, famous that the rally was supported by enhancing participation and selective demand throughout key sectors.
“The breadth of the market tells a constructive story,” Chiemeka mentioned. “We’re seeing robust participation throughout banking, industrial, and client shares, alongside rising buying and selling volumes, which suggests rising investor confidence and a extra energetic market initially of the 12 months.”
Buying and selling exercise was combined through the session. Complete quantity traded rose by 58.13% to 695.64 million shares, whereas the worth of transactions declined by 25.57per cent to N18.57 billion throughout 56,606 offers. 12 months-to-date equities turnover elevated to N43.52 billion.
To open the week, Zenith Financial institution led buying and selling by worth at N3.51 billion, adopted by WAPCO with N2.56 billion and Aradel Holdings at N1.57 billion, whereas Entry Holdings and GTCO additionally featured among the many most actively traded shares.
In the meantime, mounted revenue market capitalisation remained unchanged at N51.48 trillion, whereas the exchange-traded funds section recorded development, with market capitalisation rising to N50.45 billion, underscoring growing investor curiosity throughout asset lessons.
