The Nigerian Exchange (NGX) All-Share Index (ASI) closed slightly higher on Wednesday, October 15, gaining 31.3 points to settle at 147,742.2, marking a 0.02% increase from 147,711.0 recorded in the previous session.
Despite the marginal uptick, overall market activity slowed, as total trading volume dropped to 388 million shares, compared to 495 million shares traded on Tuesday. Market capitalization remained flat at ₦93.7 trillion, with 23,017 deals executed across the board.
Top Gainers and Losers
The session’s top gainers were SFS Real Estate Investment Trust (SFSREIT), which rose 9.88% to ₦418.75, and Royal Exchange Plc (ROYALEX), gaining 7.37% to ₦2.33.
Other notable performers included International Energy Insurance (INTENEGINS), up 6.05% to ₦2.98; Julius Berger (JBERGER), up 5.51% to ₦134.00; and Omatek Ventures (OMATEK), which appreciated 4.90% to ₦1.50.
Conversely, Tripple Gee Plc (TRIPPLEG) led the losers’ chart, shedding 9.91% to ₦4.91, followed closely by IMG Plc, which dropped 9.87% to ₦32.40.
UACN, Ellah Lakes, and Japaul Gold also recorded declines of 6.46%, 4.66%, and 4.51%, respectively.
Trading Volume and Value
FIDELITY Bank remained the most actively traded stock by volume, with 46.8 million shares, followed by CHAMS Plc (24.7 million) and ZENITH Bank (20.8 million).
ACCESSCORP and FBN Holdings (FIRSTHOLDCO) rounded out the top five with 19.2 million and 16.5 million shares, respectively.
In terms of value, ZENITHBANK led transactions worth ₦1.4 billion, followed by Nigerian Breweries (₦1.2 billion), FIDELITYBK (₦942.3 million), GTCO (₦869 million), and STANBIC (₦723.5 million).
SWOOT and FUGAZ Performance
Among the Stocks Worth Over One Trillion Naira (SWOOTs), performance was mixed.
International Breweries gained 1.72%, Stanbic IBTC rose 1.61%, while Lafarge Africa declined 0.54%. Fidelity Bank inched up 0.25%, whereas Nigerian Breweries lost 1.67%.
Within the FUGAZ group, UBA rose 0.24%, ZENITHBANK advanced 0.15%, and FBN Holdings remained flat. However, GTCO and ACCESSCORP dipped 0.64% and 0.58%, respectively.
Market Outlook
Analysts maintain a bullish near-term outlook for the NGX, noting that investor sentiment remains positive ahead of the release of Q3 earnings results.
Sustained momentum in large-cap stocks is expected to reinforce upward pressure on the All-Share Index in the coming sessions.
Market Summary
| Indicator | Current | Previous | Change |
|---|---|---|---|
| All-Share Index | 147,742.2 | 147,711.0 | +0.02% |
| Market Cap | ₦93.7 trillion | ₦93.7 trillion | Flat |
| Volume Traded | 388 million | 495 million | ↓ |
| YTD Performance | +43.54% | — | — |
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