{"id":4013,"date":"2026-10-30T08:15:48","date_gmt":"2026-10-30T08:15:48","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/etranzact-leads-ngx-tech-stocks-with-10-gain-as-market-rises-0-47\/"},"modified":"2026-10-30T08:15:48","modified_gmt":"2026-10-30T08:15:48","slug":"etranzact-leads-ngx-tech-stocks-with-10-gain-as-market-rises-0-47","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/10\/30\/etranzact-leads-ngx-tech-stocks-with-10-gain-as-market-rises-0-47\/","title":{"rendered":"eTranzact leads NGX tech stocks with 10% gain as market rises 0.47%"},"content":{"rendered":"<p>The Nigerian equities market rose on Thursday, October 29, 2026, with the All-Share Index (ASI) gaining 1,200.24 points, or 0.47%, to close at 254,083.02 points.<\/p>\n<p>The benchmark index rose from 252,882.78 points recorded in the previous session, while equity market capitalisation stood at approximately N164.97 trillion at the close of trading.<\/p>\n<p>Trading activity during the session involved 654.28 million shares valued at N57.36 billion across 35,821 deals.<\/p>\n<p>Technology stocks recorded mixed performance on Thursday. Among the eight technology and telecommunications stocks reviewed, eTranzact International led the gainers, followed by Legend Internet and Chams.<\/p>\n<p>Omatek Ventures was the only decliner, while MTN Nigeria, Airtel Africa, Computer Warehouse Group and NCR Nigeria closed unchanged.<\/p>\n<h4><strong>eTranzact leads tech stock gainers<\/strong><\/h4>\n<p>eTranzact International rose by 10% to close at N17.60, gaining N1.60 from its previous closing price of N16.<\/p>\n<ul>\n<li>The payment technology company recorded 1.07 million shares traded, valued at approximately N18.67 million. Its shares opened at N16 and reached a session high of N17.60.<\/li>\n<li>Legend Internet gained 1.47% to close at N3.45, up from N3.40. The internet services company recorded 311,075 shares traded, worth approximately N1.07 million. The stock opened at N3.40 and reached N3.45 during the session.<\/li>\n<li>Chams Holding Company advanced by 0.30% to N3.33, adding one kobo to its previous close of N3.32. It recorded the highest trading volume among the eight stocks reviewed, with approximately 6.41 million shares exchanged for N21.10 million.<\/li>\n<\/ul>\n<p>The stock traded between N3.22 and N3.34 during the session.<\/p>\n<h4><strong>Omatek falls as four stocks close unchanged<\/strong><\/h4>\n<p>Omatek Ventures declined by 0.74% to N1.35, shedding one kobo from its previous closing price of N1.36. The stock recorded 578,660 shares traded, valued at approximately N788,968. It opened at N1.36 before closing at N1.35.<\/p>\n<ul>\n<li>Computer Warehouse Group remained unchanged at N20.75, with 330,385 shares traded for approximately N6.58 million. The stock opened at its previous closing price of N20.75.<\/li>\n<li>MTN Nigeria Communications also closed flat at N825, with 1.24 million shares traded, valued at approximately N1.01 billion. It recorded the highest transaction value among the eight companies reviewed.<\/li>\n<li>Airtel Africa held at N6,300, with 583 shares traded for approximately N3.31 million. Its closing price matched its previous close and its reported 52-week high.<\/li>\n<\/ul>\n<p>NCR Nigeria also remained unchanged at N161.20. It recorded 1,330 shares traded, valued at approximately N192,983, with its closing price unchanged from the previous session.<\/p>\n<h4><strong>More on the NGX and Tech Stocks<\/strong><\/h4>\n<p>The latest trading session follows a bearish close on Wednesday, while recent company developments offer additional context for investors tracking listed technology and telecommunications stocks.<\/p>\n<p><a href=\"https:\/\/nairametrics.com\/2026\/10\/28\/ngx-stocks-shed-n718-95-billion-in-midweek-bearish-run-as-asi-dips-1107-points\/\">The NGX All-Share Index fell 0.44% on Wednesday<\/a>, October 28, to close at 252,882.78 points, wiping N718.95 billion off equity market capitalisation.<\/p>\n<p>eTranzact recently underwent an ownership transition after<a href=\"https:\/\/nairametrics.com\/2026\/10\/13\/etranzact-announces-board-changes-following-ownership-transition\/\"> Trademarks Global Concepts Limited acquired a 56.18% stake in the payment technology company<\/a>. The transaction was followed by changes to its board of directors.<\/p>\n<p><a href=\"https:\/\/nairametrics.com\/2026\/09\/16\/legend-internets-fy2026-profit-falls-91-as-n672-million-asset-gain-masks-operating-loss\/\">Legend Internet\u2019s financial results for the year ended July 2026<\/a> showed that profit fell 90.73% to N13.21 million, while revenue declined 7.44% to N1.10 billion. Its borrowings rose to N1.14 billion from N75.23 million a year earlier.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian equities market rose on Thursday, October 29, 2026, with the All-Share Index (ASI) gaining 1,200.24 points, or 0.47%, to close at 254,083.02 points. The benchmark index rose from&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4013","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=4013"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/4013\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=4013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=4013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=4013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}