The Nigerian equities market began the trading week on a positive trajectory, with the benchmark index rising by 0.33% as investors recorded a gain of N234.7 billion. The uptick was fueled by renewed buying interest in large- and mid-cap stocks following a period of profit-taking.
Market Performance Overview
The NGX All-Share Index (ASI) increased by 0.33% to close at 243,396.25 points, up from 242,593.31 points in the previous session. This advance boosted investors' wealth by N514.97 billion, while the market's year-to-date return improved to 56.41%.
Market breadth closed positive, with 32 stocks recording gains compared to 30 decliners, indicating moderately improved investor sentiment.
Top Gainers
- International Energy Insurance Plc: rose from N7.26 to N7.98, gaining N0.72 or 9.92%.
- The Initiates PLC (TIP): increased from N29.25 to N32.15, adding N2.90 or 9.91%.
- ABC Transport: advanced from N6.20 to N6.80, gaining N0.60 or 9.68%.
- Abbey Mortgage Bank: climbed from N9.35 to N10.25, rising by N0.90 or 9.63%.
- Linkage Assurance: increased from N1.71 to N1.87, adding N0.16 or 9.36%.
Top Losers
- Fidson Healthcare: declined from N136.50 to N122.85, losing N13.65 or 10.00%.
- Academy Press: dropped from N8.25 to N7.45, shedding N0.80 or 9.70%.
- RT Briscoe: fell from N14.85 to N13.45, losing N1.40 or 9.43%.
- Sunu Assurances: declined from N4.48 to N4.06, dropping N0.42 or 9.37%.
- Learn Africa: decreased from N11.50 to N10.50, losing N1.00 or 8.70%.
Trading Activity
Total volume traded rose by 22.61% to 746.09 million shares valued at N58.05 billion across 75,217 deals.
FCMB recorded the highest trading volume with 157.80 million shares, representing 21.15% of total market volume. Dangote Cement posted the highest traded value at N29.77 billion, accounting for 51.28% of total value traded. PREMPAINTS contributed 8.18% of total volume, while Dangote Cement accounted for 4.66%.
Other actively traded stocks included TIP, with 32.82 million shares valued at N1.03 billion, and Jaiz Bank, which traded 32.59 million shares worth N293.29 million.
Investor Sentiment
The renewed buying interest across key sectors reflects investors' repositioning of portfolios amid expectations of continued market stability. The positive start to the week underscores the resilience of the Nigerian capital market.
