NGX adds N5.1tn as ASI tops 190,000 points

Trading on the Nigerian Exchange Limited soared on Monday, with the benchmark All-Share Index reaching a new historic high amid sweeping buying interest across the banking, industrial, and consumer sectors.

The ASI climbed from 182,313.08 points on Friday to 190,262.44 points, a 7,949.36-point surge, equating to a 4.36 per cent single-day jump. Market capitalisation followed, rising from N117.03tn to N122.13tn, delivering a substantial N5.10tn gain for investors in just one day. This trend reinforced the bullish momentum across major sectoral indices.

Sector performance was overwhelmingly positive, with premium and dividend-focused counters leading the charge. The NGX Industrial Index advanced 520.01 points (+7.78 per cent), the strongest percentage gain among major sectoral gauges. The NGX Banking Index gained 83.75 points (+4.71 per cent). Other indices, such as the Pension Broad Index, the Consumer Goods Index, and the Insurance and Oil & Gas Index, also recorded solid gains, confirming widespread market participation.

Trading activity strengthened across metrics as share volume jumped 13.46 per cent to 1.06 billion units, transaction value rose 19.48 per cent to N62.99bn, and the deal count grew 28.30 per cent to 64,237 transactions.

Access Holdings topped the volume log with 86.7 million units (8.06 per cent of total volume) traded, while Aradel topped the value log with N11.0bn (17.21 per cent of total value). Price appreciation was concentrated among both mid-cap and large-cap stocks. The following equities led the gainers’ chart: ABC Transport was up 10.00 per cent, rising from N7.50 to N8.25 (+N0.75); Betaglas rose 10.00 per cent, from N412.00 to N453.20 (+N41.20); Ikeja Hotel saw its shares appreciate 10.00 per cent, from N38.00 to N41.80 (+N3.80); MCNichols also rose 10.00 per cent, from N7.70 to N8.47 (+N0.77); and Oando recorded a 10.00 per cent share appreciation, from N40.00 to N44.00 (+N4.00).

Closely behind were Aradel (+10.00 per cent), Jaiz Bank (+10.00 per cent), and heavyweight counters such as MTN Nigeria (+9.99 per cent), Dangote Cement (+9.95 per cent), and Zenith Bank (+9.95 per cent).

Despite the bullish tone, several counters posted declines. They were: RT Briscoe, down 9.99 per cent, from N17.42 to N15.68 (−N1.74); DEAP Cap, down 9.91 per cent, from N8.48 to N7.64 (−N0.84); Caverton, down 9.62 per cent, from N7.80 to N7.05 (−N0.75); GUINEA Insurance, down 9.27 per cent, from N1.51 to N1.37 (−N0.14); and Tantalizers, down 8.11 per cent, from N5.55 to N5.10 (−N0.45).

Monday’s rally reflects renewed investor appetite for fundamentally strong companies, particularly within banking, industrial, and premium board listings. With the ASI closing at a fresh all-time high of 190,262.44 points, the market appears firmly in bullish territory, supported by strong liquidity inflows and positive sector rotation.

Should momentum persist, analysts expect continued upside in fundamentally sound large-cap equities, although profit-taking may emerge.

Source: https://punchng.com/ngx-adds-n5-1tn-as-asi-tops-190000-points/