NGX hits a historic N40 trillion market cap with the All-Share Index crossing 73,000 points
The Nigerian Exchange Limited witnessed a bullish trend on Wednesday, marking a notable increase of 1.28% in the All-Share Index, which closed at a record high of 73,397.71 points. The market capitalization simultaneously reached an unprecedented N40.164 trillion.
In response to this positive momentum, equities gained N508 billion, pushing the market cap beyond the N40 trillion threshold for the first time as the year approaches its end.
The day’s market turnover demonstrated a notable uptick, with a traded volume of 554.64 million units, a significant increase from the previous day’s 411.21 million units. Similarly, there was an 84.6% surge in value, with N12.83 billion traded compared to the previous day’s N6.95 billion.
Noteworthy gainers included MULTIVERSE (+10.00% closing at N11.55), TRANSCORP (+10.00% closing at N7.70), INFINITY (+9.97% closing at N3.75), ETRANZACT (+9.73% closing at N6.20), and CAVERTON (+9.66% closing at N1.93).
On the flip side, top losers comprised TANTALIZER (-10.00% closing at N0.45), THOMASWY (-9.86% closing at N2.65), TIP (-9.32% closing at N1.07), JULI (-9.23% closing at N0.59), and CHAMS (-9.05% closing at N1.81).
In terms of volume, GTCO (+0.76%) led with 89.45 million units, followed by ACCESSCORP (+1.33%) with 59.71 million units, TRANSCORP (+10.00%) with 51.96 million units, FCMB (+1.39%) with 29.40 million units, and UBA (+1.00%) with 24.83 million units.
In the realm of value, GTCO (+0.76%) also took the lead with N3.578 billion, trailed by AIRTELAFRI (+4.87%) with N2.492 billion, ACCESSCORP (+1.33%) with N1.367 billion, ZENITHBANK (+1.99%) with N914.19 million, and UBA (+1.00%) with N625.59 million.