…YtD return rises to +23.09%
A strong showing by industrial and banking stocks drove a 0.43 percent gain on the Nigerian Exchange Limited (NGX) on Monday, pushing the total market capitalisation to a record high of N80.143 trillion.
The positive momentum suggests broad-based investor interest and growing confidence in Nigeria’s equity market. So far this year, the NGX has returned 23.09 percent, with a 5.59 percent gain recorded this month alone.
At the close of trading on July 14, the NGX All-Share Index (ASI) rose from the previous session’s 126,149.59 points to 126,689.54 points. Similarly, the market capitalisation climbed from N79.803 trillion to N80.143 trillion.
A total of 1.29 billion shares valued at N32.20 billion were traded in 39,431 deals. Among the most actively traded equities were Access Holdings, Japaul Gold, AIICO, United Bank for Africa (UBA), and Jaiz Bank.