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Financial Milestone: NGX Posts All-Time High Daily Gain Of N1.806 Trillion
According to NIVONEWS, the Nigerian Exchange (NGX) recorded a historic milestone on Thursday, as the equities market surged, delivering an unprecedented gain of ₦1.806 trillion to investors in a single trading session.....KINDLY READ THE FULL STORY HERE▶
This massive rally was driven by a strong rise in the All-Share Index (ASI), which climbed by 2,457.13 points—a 2.01% increase—closing at 124,446.80. This marks the first time the ASI has crossed the 124,000-point threshold, up from its previous close of 121,989.67.
The bullish performance was underpinned by renewed investor confidence, enhanced market liquidity, and the momentum of ongoing economic reforms initiated by the Nigerian government. As a result, market capitalisation soared by 2.35%, ending at ₦78.726 trillion, up from ₦76.970 trillion the previous day.
According to NIVONEWS, the day ended with strong market breadth: 70 stocks advanced, while only 10 recorded losses, signaling widespread positive sentiment among investors.
On the gainers’ list, FTN Cocoa, UPDC, UBA, Consolidated Hallmark Holdings, and Haldane McCall all posted 10% gains. UBA, in particular, closed at ₦39.60 per share, a notable high, while FTN Cocoa ended at ₦6.82.
On the flip side, Neimeth Pharmaceuticals plunged 9.91% to close at ₦9, Legend Internet shed 9.88% to settle at ₦7.21, and Industrial and Medical Gases dropped 7.36%, finishing at ₦34. Other notable losers included Cadbury Nigeria and Livestock Feeds, which declined by 6.22% and 5.67% respectively.
According to NIVONEWS, the market also witnessed an uptick in activity, with 1.3 billion shares traded across 27,875 deals, valued at a total of ₦27.73 billion. This marked a significant increase from the 888.7 million shares worth ₦15.6 billion exchanged in 24,303 transactions the previous day.
Access Corporation led the volume chart with 174.22 million shares worth ₦3.99 billion, followed by AIICO Insurance with 81.96 million shares, and Ja Paul Gold, which recorded 74.01 million shares valued at ₦245.2 million. UBA also featured prominently with 64.51 million shares worth ₦2.52 billion, while First City Monument Bank (FCMB) traded 63.3 million shares valued at ₦585.75 million.
”NIVONEWS REPORTS”
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