Investors Gain N779bn As Equities Market Extends Bullish Run

The Nigerian equities market extended the bullish trend on Wednesday, February 12, 2025, as investors gained N779 billion on the trading floor of the Nigerian Exchange Group (NGX).

This follows a surge in the share prices of stocks like VFDGROUP, IKEJAHOTEL, HONYFLOUR amongst others on the trading floor.

After five hours of trading at the capital market, the equity capitalization surged to ₦67.274 trillion from ₦66.495 trillion which the bourse recorded on Tuesday, February 11, 2025.

The benchmark All-Share Index (ASI) increased to 107,822.51 points from 106,574.98 points which were recorded the previous trading day.

The market breadth was positive as 50 stocks advanced and 16 stocks declined, while 57 stocks remained unchanged in 15, 376 deals.

VFDGROUP, IKEJAHOTEL, HONYFLOUR led other gainers with 10%, 10% and 9.99% growth each in prices to close at N52.80, N14.85 and N12.66 from the previous N48.00, N13.50 and N11.51 per share.

CWG, REGALINS, and LASACO led other price decliners with 8.95%, 7.89%, and 7.25% decline each in share prices to close at N8.65, N0.70 and N3.20 from the previous N9.50, N0.76 and N3.45 per share.

On the volume index, STERLINGNG led trading with 49 million shares in 374 deals followed by ELLAHLAKES which traded 34 million shares in 454 deals.

ZENITHBANK traded 25 million shares in 523 deals.

On the value index, ZENITHBANK topped as the security traded stock worth N1.3 billion in 523 deals followed by GTCO which traded equities worth N932 million in 305 deals.

ETERNA traded shares valued at N678 mllion in 408 deals.