The Nigerian Exchange Limited (NGX) recorded a major boost on Friday, posting a ₦486 billion gain in a single trading day to cap the week on a strong note. This upward movement was primarily fueled by significant gains in key stocks, including May & Baker, Infinity Trust, Stanbic IBTC, MRS, and LivingTrust Mortgage Bank.
The market capitalization climbed from ₦72.302 trillion on Wednesday to ₦72.788 trillion on Friday, representing a 0.67% increase. Similarly, the All-Share Index (ASI) rose by 770.43 points to close at 115,429.54, up from 114,659.11.
Top Gainers:
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May & Baker: +10% to close at ₦15.40
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Infinity Trust Mortgage Bank: +10% to ₦7.70
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LivingTrust Mortgage Bank: +10% to ₦5.72
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Stanbic IBTC: +9.98% to ₦79.35
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MRS Oil: +9.94% to ₦155.90
Top Losers:
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Northern Nigeria Flour Mills: -10% to ₦112.55
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Conoil: -9.99% to ₦241.50
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Nigerian Enamelware: -9.98% to ₦18.50
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University Press: -9.84% to ₦5.50
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John Holt: -9.49% to ₦6.20
Market Activity:
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Total Volume Traded: 933.26 million shares
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Total Value Traded: ₦17.95 billion
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Number of Deals: 20,500
This marked a significant increase compared to Wednesday’s 471.15 million shares valued at ₦14.19 billion across 20,538 deals.
Most Active Stocks by Volume:
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Tantalizer: 420.45 million shares worth ₦946.06 million
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GTCO: 35.44 million shares valued at ₦2.52 billion
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Zenith Bank: 34.72 million shares worth ₦1.75 billion
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Computer Warehouse Group (CWG): 29.81 million shares at ₦278.19 million
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First Holdco: 27.28 million shares totaling ₦779.16 million
The surge comes despite a shortened trading week, as Monday and Thursday were public holidays in observance of Eid Kabir and Democracy Day. The positive market breadth—with 50 gainers against 22 losers—signals renewed investor confidence and robust trading activity in key sectors.
