Fresh share listings lift capitalisation despite a slight dip in the index
Trading on the Nigerian Exchange (NGX) closed on a mixed note on Friday, with market capitalisation climbing by ₦184 billion even as the benchmark index slipped slightly.
Market value rose 0.17% to ₦106.15 trillion, boosted mainly by Presco’s additional 166.7 million shares and GTCO’s 125 million new shares listed at ₦80 each.
Still, the All-Share Index edged down 0.09%, losing 156.91 points to close at 165,370.40.
The session showed positive breadth, with 34 stocks gaining against 31 decliners. Zichis Agro led the gainers, jumping nearly 10%, followed closely by Abbey Mortgage Bank, RT Briscoe, Haldane McCall and Omatek Ventures.
On the flip side, Learn Africa, Livestock Feeds and LivingTrust Microfinance Bank shed 10% each, while Deap Capital and Mc Nicholas also closed sharply lower.
Investors traded 687.4 million shares worth ₦14.9 billion in over 41,500 deals, slightly below the previous session’s volume and value. Veritas Kapital topped volume charts, while Aradel Holdings led in value traded.
Market analyst David Adonri of Highcap Securities said the fresh listings helped shore up market value, adding that 2026 could be a rewarding year for equities investors.
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