The Nigerian Exchange (NGX) staged a resilient recovery as equity investors reclaimed approximately ₦221 billion, effectively reversing the previous session’s sell-offs in several mid- and large-cap stocks.
This resurgence pushed the All-Share Index up by 0.18% to close at 196,807.15 points, a move that further solidified a robust year-to-date return of 26.47%.
Consequently, the total market capitalization climbed to ₦126.3 trillion. Despite the upward movement in the primary index, market breadth remained technically negative, as 38 declining stocks outpaced 33 advancing ones.
While ETERNA, NPFMCRFBK, and PREMPAINTS led the gainers, TRIPPLEG and MULTIVERSE faced the steepest declines.
Sectoral performance reflected a divided market sentiment. The Banking sector emerged as the primary growth driver with a 0.51% increase, complemented by marginal upticks in the Consumer Goods and Industrial sectors.
Conversely, the Insurance and Oil & Gas sectors retreated by 1.63% and 0.16%, respectively, while the Commodity sector held steady.
Despite the overall value gain, trading intensity cooled across the board; share volume fell by 21.27% to 634.01 million units, and the total transaction value dipped by 24.24% to ₦29.11 billion.