On Wednesday, February 13, 2025, the Nigerian equity market experienced a significant surge, with investors gaining N779 billion. The market capitalization of the Nigerian Exchange Limited (NGX) increased from N66.5 trillion to N67.3 trillion, bringing it closer to the N70 trillion mark. The All-Share Index rose by 1.17%, closing at 107,822.52 points, reflecting a positive trading session.
VFD Group emerged as the highest gainer, with a 10% increase, reaching N52.80 per share. Ikeja Hotel and Transcorp Hotels also posted substantial gains of 10% and 9.99%, respectively. Other notable gainers included Honeywell Flour Mill, Eterna, and Ellah Lakes, each recording notable price increases on the day. These gains indicated a strong performance among several key players in the market.
On the downside, Computer Warehouse Group led the list of losers, experiencing an 8.95% drop to close at N8.65 per share. Other significant decliners included Regency Alliance Insurance, Lasaco Assurance, and Royal Exchange, all showing declines of over 7%. These losses marked a contrasting performance compared to the day’s overall market gain.
A total of 462.14 million shares valued at N10.23 billion were traded during the session, with a high trading volume of 15,629 deals. This robust activity indicated a healthy level of investor participation and market engagement, contributing to the overall upward movement in the indices.
Several key market indices also performed well during the session. The Top 30 Index rose by 1.22%, while the Industrial Index gained 2.11%. The Premium Index and Consumer Goods Index also showed positive growth, highlighting a solid performance across various market segments. The Pension Index, in particular, saw a notable year-to-date increase of 9.69%. This sustained bullish momentum signals continued investor confidence in the market.
SOURCE: PUNCH