NGX extends bullish run with N143bn gain as Guinness leads gainers’ chart

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The Nigerian Exchange (NGX) continued its bullish streak on Thursday, as investors reaped a N143bn gain, driven by strong price appreciation in Guinness Nigeria Plc, Eunisell Interlinked Plc, and Regency Alliance Insurance Plc.

At the close of trading, the market capitalisation of listed equities rose from N89.89tn on Tuesday to N90.03tn, while the All-Share Index advanced by 0.16 per cent to settle at 142,263.12 points.

Guinness Nigeria stood out as the session’s top gainer, climbing 9.79 per cent to close at N46.65 per share. It was closely followed by Eunisell Interlinked, which appreciated 9.60 per cent to N5.82, and Regency Alliance Insurance, which surged 9.38 per cent to N0.70.

Other notable gainers included Sovereign Trust Insurance, up 9.09 per cent to N0.48, and Consolidated Hallmark Holdings, which rose 8.82 per cent to N1.85

On the flip side, Royal Exchange topped the losers’ chart with a 9.86 per cent drop to N0.64. Associated Bus Company slipped 9.76 per cent to N0.37, while Daar Communications shed 8.47 per cent to N0.54. Deap Capital Management and African Alliance Insurance also closed negative, falling 8.33 per cent and 8.00 per cent, respectively.

Despite the positive outcome, overall market activity weakened. The total volume of shares traded dropped 44.07 per cent to 377.75m units, compared with 675.37m units recorded in the previous session. Similarly, the value of transactions slid 23.47 per cent to N7.46bn, against N9.75bn on Tuesday.

Financial stocks once again dominated trading. Access Holdings led with 52.27m shares worth N1.27bn, followed by Zenith Bank with 42.22m units valued at N1.62bn. Other actively traded equities included Fidelity Bank, FBN Holdings, and United Bank for Africa.

Market analysts noted that the sustained upward movement reflects strong investor appetite for fundamentally sound stocks, adding that “the resilience of tier-one banks and consumer giants like Guinness is helping to steady sentiment despite reduced trade volumes.

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