The Nigerian Exchange Limited (NGX) closed the week on a strong positive note, with the equities market capitalization crossing the N60 trillion milestone during Friday’s trading session.
The surge was driven by price increases in stocks such as ARADEL, CAVERTON, and IKEJA HOTEL, among others, signaling a robust market performance.
At the end of the five-hour trading session, equity capitalization gained N375 billion, rising to N60.2 trillion from N59.8 trillion recorded on Thursday.
Similarly, the benchmark All-Share Index (ASI) climbed from 98,760.59 points to 99,378.06 points.
The market breadth was overwhelmingly positive, with 37 stocks advancing, 14 declining, and 72 remaining unchanged across 8,464 deals.
Top Performers
Leading the gainers’ chart were ARADEL, CAVERTON, and IKEJA HOTEL, which each recorded a 10% increase in share prices. ARADEL’s stock price rose to N550.00 from N500.00, CAVERTON’s advanced to N1.98 from N1.80, and IKEJA HOTEL climbed to N8.80 from N8.00.
Decliners
On the losers’ chart, AUSTIN LAZ, ABC TRANSPORT, and ROYALEX were among the top decliners. AUSTIN LAZ dropped by 10% to close at N1.62, ABC TRANSPORT fell by 8% to N1.15, and ROYALEX declined by 7.69% to N0.60 per share.
Trading Highlights
In terms of trading volume, JAPAUL GOLD led with 71 million shares traded in 120 deals, followed by E-TRANZACT with 70 million shares in 49 deals, and TANTALISER with 57 million shares exchanged in 155 deals.
On the value index, ARADEL emerged as the most valuable stock, trading N781 million worth of shares in 320 deals. OANDO followed closely with trades valued at N732 million in 551 deals, while ZENITH BANK recorded N622 million in share transactions spread across 291 deals.
The week’s bullish close reflects sustained investor confidence, driven by rising stock prices and increased market activity.
