eTranzact leads NGX tech stocks with 10% gain as market rises 0.47%

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 252,882.78 points recorded in the previous session, while equity market capitalisation stood at approximately N164.97 trillion at the close of trading.

Trading activity during the session involved 654.28 million shares valued at N57.36 billion across 35,821 deals.

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.

Omatek Ventures was the only decliner, while MTN Nigeria, Airtel Africa, Computer Warehouse Group and NCR Nigeria closed unchanged.

eTranzact International rose by 10% to close at N17.60, gaining N1.60 from its previous closing price of N16.

The stock traded between N3.22 and N3.34 during the session.

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.

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.

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.

The NGX All-Share Index fell 0.44% on Wednesday, October 28, to close at 252,882.78 points, wiping N718.95 billion off equity market capitalisation.

eTranzact recently underwent an ownership transition after Trademarks Global Concepts Limited acquired a 56.18% stake in the payment technology company. The transaction was followed by changes to its board of directors.

Legend Internet’s financial results for the year ended July 2026 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.