The Nigerian Exchange Limited (NGX) kicked off the trading week on a bullish trajectory, gaining ₦400 billion in market capitalisation as investor sentiment strengthened. The All-Share Index (ASI) rose by 713.58 points, or 0.53%, to close at 135,166.51 on Monday. This performance pushed the market capitalisation to ₦85.5 trillion, underscoring increased buying interest and confidence across multiple sectors.
The All-Share Index has maintained a consistent upward trend, reflecting a 2.53% gain over the past week, 12.64% in the past month, and a remarkable 31.32% rise year-to-date. Monday’s session saw 127 equities traded, with 45 gainers and 26 losers. Notably, trading volume climbed by 11%, while the number of deals surged by 51%, although turnover saw a minor 4% decline compared to the previous session.
Top gainers included Academy Press (up 9.99%), Champion Breweries (9.98%), and Tripple Gee (9.97%), among others. UACN and UPDC REIT also featured among the biggest climbers. On the losing end, Livestock Feeds led with a 10% drop, trailed by The Initiates Plc (9.98%) and Ellah Lakes (9.08%). The Nigerian Exchange Group itself declined by 6.02%, showing a mixed performance within key players.
Fidelity Bank dominated the trading volume with 123 million shares worth ₦2.58bn, followed by FCMB and Japaul Gold. On the value front, top trades included Fidelity Bank, Zenith Bank (₦2.25bn), and MTN Nigeria (₦1.66bn), showing sustained investor attention in both financial and telecom sectors. Dangote Cement and Okomu Oil also recorded strong trading values.
Sectoral indices closed mostly in the green, with the Consumer Goods Index up by 1.29%, Insurance Index gaining 2.54%, and the Industrial Index rising 0.64%. These movements mirror overall market optimism fueled by Q2 earnings expectations, economic reforms, and investor positioning for the latter half of 2025. The steady performance signals continued resilience in Nigeria’s equity market despite broader economic challenges.
Source: Punch