September 18, (THEWILL) — The Nigerian Exchange (NGX) closed trading on a positive note on Thursday, September 18, with the market capitalisation climbing to N90.01 trillion, up from N89.87 trillion at the opening, marking a net gain of over N143.5 billion.
This bullish sentiment was further reflected in the All-Share Index (ASI), which appreciated by 0.16%, closing at 142,263.12 points compared to the previous day’s 142,036.23 points
Market breadth also had a bullish record, as 30 equities recorded gains, while 20 declined, indicating growing investor confidence amid improving economic outlook.
Top Gainers
Leading the pack of gainers was Guinness Nigeria Plc, which surged by 10.00%, rising from N160.00 to N176.00. EUNISELL followed closely with a 9.89% gain, closing at N30.55 from N27.80.
Other top-performing stocks included:
- REGALINS: N1.63 → N1.79 (+9.82%)
- THOMASWY: N2.45 → N2.69 (+9.80%)
- MCNICHOLS: N3.55 → N3.89 (+9.58%)
- GUINEAINS: N1.49 → N1.63 (+9.40%)
Top Losers
On the flip side, Consolidated Hallmark Insurance (CONHALL PLC) topped the losers’ chart with a 7.59% decline, dropping from N4.35 to N4.02.
Other underperformers included:
- TIP: N12.97 → N12.00 (-7.48%)
- SOVRENINS: N3.06 → N2.87 (-6.21%)
- OMATEK: N1.16 → N1.10 (-5.17%)
- WAPIC: N3.34 → N3.20 (-4.19%)
- LASACO: N3.00 → N2.90 (-3.30%)
Unchanged Stocks
Some equities maintained their previous prices, reflecting stability in certain sectors. These included Jaiz Bank, Royal Exchange (ROYALX), UBA, VFD Group, and WAPCO.
The positive movement in today’s market reflects growing investor interest and improving market sentiment. Continued gains will depend on stable economic conditions and strong corporate performance.
***Written by Ogochukwu Onwaeze.
