Equity investors on the Nigerian Exchange (NGX) recorded a ₦170.71 billion profit on Thursday, as the market sustained its bullish momentum for the fifth consecutive session.
The All-Share Index (ASI) advanced by 0.19 percent, adding 269.36 points to close at 142,979.46 points, while market capitalisation climbed to ₦90.75 trillion. The year-to-date return also strengthened to 38.91 percent from 38.65 percent in the previous session.
The rally was driven by gains in GTCO (+2.13%), MTNN (+0.47%), PZ (+10.00%), and Nigerian Breweries (+1.71%), which outweighed losses in FBNH (-1.59%), Fidelity Bank (-2.38%), ETI (-1.94%), and UBA (-0.46%).
Investor participation surged sharply, with trading volume soaring 402.50 percent to 5.73 billion units and transaction value rising 82.57 percent to ₦46.13 billion. CONERST dominated the activity chart with 5.44 billion units worth ₦25.06 billion.
READ ALSO: Oluremi Tinubu Launches Menstrual Hygiene Drive
Market breadth closed positive at 1.31x, reflecting 33 gainers against 26 losers. PZ topped the gainers’ chart with a 10 percent rise, while RT Briscoe shed 9.89 percent to lead the laggards.
However, the NASD Over-the-Counter (OTC) Securities Exchange closed in the red, with investors losing ₦11.85 billion. Market capitalisation declined 0.57 percent to ₦2.06 trillion, while the Securities Index slipped to 3,450.00 points.
Transaction volume on the OTC market rose 944.55 percent to 111.73 million units, though value dropped 80.95 percent to ₦61.20 million. SDMIXREAL gained 9.13 percent, while SDCSCSPLC declined 9.66 percent.