After a strong surge in cement and banking stocks, the Nigerian Exchange (NGX) saw its market capitalization surpass N94 trillion yesterday. According to experts, this is a prelude to the results release for the third quarter of 2025. In the face of spot rate repricing and declining returns on naira assets, investors moved their money out of the debt market, which helped the stock market trade higher. The year-to-date return grew to 44.1%, and the key performance indicators increased by 41 basis points as a result of higher positioning in riskier assetsFirstHoldco, STERLINGNG, MAYBAKER, DANGCEM, Lafarge Africa WAPCO, and others were among the winners. The wealth of investors increased by over N389 billion thanks to the gainers. In order to conclude at a new all-time high of 148,355.04, the All-Share Index rose 612.82 basis points, or 0.41%. To end at N94.17 trillion, the NGX market capitalization increased by N388.96 billion. The overall volume and value of all trades rose by +11.13% and +35.47%, respectively, indicating an improvement in trading activityAccording to Atlass Portfolio Limited, 23,665 transactions totaling about 432.43 million units at a value of N16,909.80 million were completed. With 9.51% of the total number of trades, CONHALLPLC topped the activity list. The next top five were ACCESSCORP (9.37%), GTCO (6.40%), ZENITHBANK (5.82%), and TANTALIZER (5.16%). With 15.36% of the total value of all trades on the exchange, GTCO became the most traded stock in terms of value. With a price increase of 7.06 percent, NSLTECH dominated today’s advancers’ list. STERLINGNG (+6.49%), LIVESTOCK (+5.533%), TIP (+5.18%), MAYBAKER (+4.99%), JAPAULGOLD (+4.72%), and twenty-four other companies followedThe oil and gas industry grew by +0.18%, while the banking industry grew by +0.21%. The insurance industry experienced a decline of -1.35%. As the cement and banking stocks rise, the Nigerian exchange crosses N94trn.
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