Equities market records first gain of trading week as investors gain N10bn

The Nigerian equities market recorded the first profit in the trading week on Wednesday, February 26, 2025, as investors gained ₦10 billion on the trading floor of the Nigerian Exchange Group (NGX).

This follows a surge in the share prices of stocks like UHOMREIT, AFRIPRUD, and CAVERTON amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization increased to ₦67.179 trillion from ₦67.168 trillion which the bourse recorded on Tuesday, February 25, 2025.

The benchmark All-Share Index (ASI) increased to 107,798.99 points from 107,781.61 points which were recorded the previous trading day.

The market breadth was positive as 33 stocks advanced and 15 stocks declined, while 74 stocks remained unchanged in 10,098 deals.

READ ALSO: NGX: Daar Communication, Livestock drag down equities market as investors lose N5bn

UHOMREIT, AFRIPRUD, CAVERTON led other gainers with 9.54%, 9.90% and 9.87% growth each in prices to close at N44.25, N33.30 and N2.45 from the previous N40.25, N30.30 and N2.23 per share.

GUINEAINS, EUNISELL, and OANDO led other price decliners with 10%, 9.68%, and 7.69% decline each in share prices to close at N0.72, N9.80 and N48.00 from the previous N0.80, N10.85 and N52.00 per share.

On the volume index, ACCESSCORP led trading with 36 million shares in 542 deals followed by ZENITHBANK which traded 26 million shares in 597 deals.

STERLINGNG traded 11 million shares in 241 deals.

On the value index, ZENITHBANK topped as the security traded stock worth N1.2 billion in 597 deals followed by ACCESSCORP which traded equities worth N937 million in 542 deals.

OKOMUOIL traded shares valued at N738 million in 118 deals.

By: Babajide Okeowo

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