The Nigerian equity market opened the new week with a confident stride, as bulls reasserted control across the trading floor on Monday.
The Nigerian Exchange Limited All-Share Index (NGX ASI) climbed 802.94 basis points — a gain of 0.33 per cent — to close at 243,396.25 basis points.
Market capitalisation followed suit, swelling by N515 billion to settle at N156.109 trillion.
Market Breadth: Buyers Lead
Sentiment was decisively positive, with 32 gainers outpacing 29 losers — a clear signal that buying interest is returning to the market.
International Energy Insurance led the charge with the highest price gain of the session, surging 9.92 per cent to close at N7.98 per share.
TIP was close behind, advancing 9.91 per cent to N32.15, while Associated Bus Company climbed 9.68 per cent to N6.80 per share.
Abbey Mortgage Bank appreciated 9.63 per cent to N10.25, and Haldane McCall added 8.89 per cent to close at N3.92 per share.
The Losers' Side
Not all counters shared the celebration. Fidson Healthcare bore the steepest decline, shedding exactly 10 per cent to close at N122.85 per share.
Academy Press fell 9.70 per cent to N7.45, while R.T. Briscoe lost 9.43 per cent to close at N13.45 per share.
SUNU Assurance dropped 9.38 per cent to N4.06, and Learn Africa shed 8.70 per cent to close at N10.50 per share.
Trading Activity: Volume Surges
Total trade volume jumped 22.63 per cent to 717.156 million units, valued at N56.659 billion across 73,321 deals — a sign of heightened investor participation.
| Stock | Volume Traded | Value |
|---|---|---|
| FCMB Group | 152.308 million shares | N1.826 billion |
| Premier Paints | 61.037 million shares | N135.263 million |
| Dangote Cement | 34.721 million shares | N29.712 billion |
| TIP | 32.818 million shares | N1.029 billion |
| Jaiz Bank | 32.590 million shares | N293.295 million |
Dangote Cement commanded the highest trade value in the session, reflecting strong institutional appetite for the industrial giant.
Outlook: Cautious Optimism for the Week
United Capital Plc issued its market outlook, projecting a mildly positive bias for the week ahead — underpinned by bargain hunting following recent price corrections.
The investment firm noted that banking, industrial, and oil & gas stocks are expected to attract selective accumulation, even as profit-taking lingers in some counters.
Fixed income yields and broader macroeconomic conditions will continue to shape sentiment, with analysts expecting cautious but opportunity-driven trading to dominate the week.
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The Bottom Line
Monday's session signals that investor confidence in Nigerian equities remains intact.
With strong corporate fundamentals and improving economic conditions cited by analysts, the market appears primed for selective but sustained buying interest through the week.
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