The Nigerian stock market maintained its upward trend, fueled by price gains in Aradel Holdings Plc and 41 other stocks. The Nigerian Exchange Limited All Share Index (NGX-ASI) rose by 426.52 points, or 0.43%, closing at 100,477.46 basis points. Market capitalization also climbed, gaining N258 billion to reach N60.908 trillion, reflecting broad positive market sentiment with 42 stocks advancing against 19 losers.
Among the top gainers, MRS Oil Nigeria surged 9.99% to close at N159.70 per share, followed by Learn Africa with a 9.97% rise to N3.53. International Energy Insurance, Wapic Insurance, and Livestock Feeds also recorded significant gains. Conversely, Africa Prudential led the decliners with a 10% drop, closing at N14.40 per share, trailed by John Holt and Guinea Insurance with losses of 9.96% and 8.33%, respectively.
Despite the market’s overall positive performance, trading volume dipped by 18.5% to 389.701 million units valued at N9.199 billion across 9,573 deals. Sterling Financial Holdings led activity with 43.558 million shares traded, while United Bank for Africa (UBA) and Fidelity Bank also recorded substantial trading volumes. Other actively traded stocks included Universal Insurance and AIICO Insurance, signaling robust investor participation across sectors.