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Market capitalisation rises by ₦104 billion to ₦160.812 trillion.
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ASI gains 160.02 points to close at 247,673.65.
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Market breadth remains positive, with 31 gainers against 17 decliners.
October 14, (THEWILL) – The Nigerian Exchange Limited (NGX) closed higher on Wednesday as buying interest in selected equities lifted the benchmark All-Share Index (ASI) by 0.06 percent.
Market capitalisation rose by ₦104 billion to ₦160.812 trillion from ₦160.708 trillion at the previous session, while the ASI advanced 160.02 points to 247,673.65 from 247,513.63.
Market breadth was positive, with 31 stocks advancing against 17 decliners, indicating that gainers outnumbered losers despite continued pressure on selected equities.
Top Gainers For Session
- AUSTINLAZ led the gainers, appreciating 10.00 percent (from ₦2.20 to ₦2.42 per share).
- ETRANZACT followed with a 9.76 percent increase (from ₦14.35 to ₦15.75),
- LIVESTOCK rose 9.71 percent (from ₦15.45 to ₦16.95).
- CMFC gained 9.60 percent (advancing from ₦3.23 to ₦3.54).
- FTGINSURE increased 9.38 percent (from ₦1.60 to ₦1.75) to complete the top five gainers.
On Decliners’ Table
- UPDCREIT led the losses, falling 9.96 percent (from ₦26.10 to ₦23.50 per share).
- UPDC declined 6.02 percent (from ₦4.15 to ₦3.90)
- REGALINS shed 4.88 percent (from ₦0.82 to ₦0.78).
- VERITASKAP dropped 3.57 percent (from ₦1.12 to ₦1.08).
- RTBRISCOE fell 3.14 percent (from ₦9.55 to ₦9.25).
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Dangote Cement, Presco, Custodian Investment, John Holt, UAC of Nigeria and Julius Berger were among the equities that closed unchanged.
Market Outlook
The positive market breadth and modest increase in the ASI suggest a cautious recovery after the previous session’s decline. However, the relatively small index gain indicates that buying interest remains selective.
The market’s near-term direction will depend on whether investors sustain demand for advancing stocks and extend buying interest to heavyweight equities. Continued gains in the benchmark index and market capitalisation would strengthen the recovery, while renewed selling pressure could limit further advances.
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.
