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NGX closed 0.06 percent higher on Thursday, with market capitalisation gaining N101 billion to N157.15 trillion despite 30 decliners against 23 gainers.
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Seplat Energy led the gainers with a 10 percent surge, followed by Japaul Gold, Tantalizer, NSLTECH and Access Holdings.
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RT Briscoe and Aradel Holdings recorded the biggest losses at 10 percent each, while Champion Breweries, International Breweries and CWG also suffered sharp declines.
September 10, (THEWILL) – The Nigerian Exchange Limited (NGX) closed Thursday’s session on a mildly positive note, as the All-Share Index (ASI) edged higher despite a largely mixed market breadth, with 23 gainers against 30 decliners.
Market capitalisation rose from N157.049 trillion at the opening to N157.150 trillion at the close, representing a N101 billion increase.
The ASI also advanced by 155.03 points, from 242,223.10 to 242,378.13, translating to a 0.06 percent gain.
The marginal improvement suggests a cautious session, with gains in major stocks such as Seplat Energy and Access Holdings helping to lift the benchmark despite notable declines across several equities.
Price Movement
On the gainers’ chart, Seplat Energy led the market with a 10.00 percent appreciation (climbing from N13,552.60 to N14,907.80).
Japaul Gold followed closely, rising 9.83 percent (from N2.34 to N2.57).
Tantalizer gained 8.29 percent, advancing from N3.50 to N3.79,
NSLTECH appreciated 7.94 percent from N0.63 to N0.68.
Access Holdings rounded out the top five gainers, rising 5.66 percent (from N26.50 to N28.00).
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On the decliners’ side
RT Briscoe recorded the steepest decline, shedding 10.00 percent (to close at N8.10 from N9.00).
Aradel Holdings also fell 10.00 percent (declining from N1,570.00 to N1,413.00).
Champion Breweries dropped 9.91 percent (from N11.10 to N10.00),
International Breweries declined 9.80 percent (from N10.20 to N9.20).
CWG completed the top five decliners, falling 9.28 percent (from N19.40 to N17.60).
Among the stocks that recorded no price movement during the session were FirstHoldCo, MTN Nigeria Communications, Dangote Cement, Custodian Investment and BUA Foods, alongside other flat stocks.
Overall, Thursday’s session reflected a cautious market, with the benchmark index posting a modest gain despite more stocks declining than advancing.
The narrow rise in the ASI and N101 billion increase in market capitalisation indicate that gains in selected heavyweight stocks were sufficient to keep the broader market marginally positive.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
