Investor Gain As Stock Market Capitalisation Hits N136 trillion
- The stock market capitalisation surged to N136 trillion, delivering N1.664 trillion in gains
- Gains in large drove the rally- and mid-cap stocks, including Aradel Holdings, MTN Nigeria, Stanbic IBTC
- Guinea Insurance and Trans-Nationwide Express led gainers, while Zenith Bank and UBA dominated trading activity
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian stock market capitalisation climbed to N136 trillion on Thursday, April 17, as sustained risk-on sentiment drove broad-based buying, delivering N1.664 trillion in gains to investors.
The All-Share Index (ASI) advanced by 2,583.61 points, representing a 1.23% gain to close at 211,901.02 points.
Market capitalisation also rose by N1.664 trillion to settle at N136.436 trillion.
Source: Getty Images
Data from NGX showed medium and large-cap stocks, including Aradel Holdings, MTN Nigeria Communications, Stanbic IBTC Holdings, Dangote Sugar Refinery, and Ecobank Transnational Incorporated, drove gains.
On the market outlook, Cowry Assets Management Limited said:
“Heading into Friday’s session, the market is expected to maintain its bullish bias, albeit with muted trading activity as investors adopt a more cautious stance toward the end of the week.”
Market breadth remained strong, with 44 advancers outpacing 20 decliners.
Top gainers
- Guinea Insurance rose from N1.10 to N1.21, gaining N0.11 (+10.00%)
- Trans-Nationwide Express climbed from N5.00 to N5.50, adding N0.50 (+10.00%)
- Aradel Holdings advanced from N1,406.90 to N1,547.50, up N140.60 (+9.99%)
- Ecobank Transnational Incorporated increased from N55.65 to N61.20, gaining N5.55 (+9.97%)
- DAAR Communications appreciated from N1.51 to N1.66, rising N0.15 (+9.93%)
Top losers
- Ikeja Hotel fell from N37.00 to N33.40, losing N3.60 (–9.73%)
- Wapic Insurance dropped from N2.85 to N2.60, shedding N0.25 (–8.77%)
- CAP declined from N103.95 to N95.00, down N8.95 (–8.61%)
- International Energy Insurance slipped from N3.30 to N3.03, losing N0.27 (–8.18%)
- McNichols Consolidated decreased from N6.70 to N6.31, down N0.39 (–5.82%)
Source: Getty Images
Most active stocks
Total volume traded declined by 17.19% to 584.96 million units, valued at N34.76 billion, exchanged in 45,559 deals
- Zenith Bank led activity with 61.74 million shares worth N7.60 billion
- United Bank for Africa followed with 45.87 million shares valued at N2.11 billion
- Access Holdings traded 42.76 million shares worth N1.15 billion
- Secure Electronic Technology exchanged 38.49 million shares valued at N37.54 million
- Guaranty Trust Holding Company recorded 25.26 million shares worth N3.23 billion
Zenith Bank shares dividends
Legit.ng earlier reported that Zenith Bank Plc had announced a profit after tax of over N1 trillion for the financial year of 2025 and proposed a final dividend of N8.75 per share for its investors.
Doing the mathematics of the returns on her investment, Treasure noted in a Facebook post on April 8 that her 300,000 units multiplied by the dividend per share of N8.57 amounts to N2.5 million.
Source: Legit.ng
