NGX Market Capitalisation Rises by N443 Billion as 31 Stocks Drive Broad Market Gains

The Nigerian stock market opened the week on a positive note as the Nigerian Exchange Limited (NGX) recorded a strong rebound, with market capitalisation jumping by N443 billion. The rally was driven by sustained buying interest in 31 advancing stocks, reflecting renewed investor confidence in selected equities.

The All Share Index (ASI) climbed by 688.43 points, representing a 0.34% increase to close at 204,458.86 points. In the same trading session, the NGX’s total market value rose to N131.609 trillion, supported largely by gains in medium- and large-cap stocks such as Guinness Nigeria, Stanbic IBTC Holdings, Nigerian Breweries, and CWG Plc.

Analysts noted that despite the positive momentum, the market remains selective. Investment firm United Capital Plc explained that trading is being shaped by a shift toward dividend-paying and financially stable companies, especially as investors respond to high interest rates, inflation pressures, and tighter monetary conditions.

Market breadth remained positive, with 31 gainers outperforming 24 losers. Leading the gainers’ chart was Nigerian Exchange Group, which rose by 10% to close at N153.45. It was followed by Trans-Nationwide Express and McNichols Consolidated, while VFD Group and Chams Holding Company also posted strong gains.

On the downside, stocks such as Berger Paints, Academy Press, Caverton Offshore Support Group, Honeywell Flour Mills, and CAP recorded declines. Meanwhile, trading activity slowed slightly, with total volume dropping by 14.33% to 470.008 million units. Heavy activity was recorded in Access Holdings, Guaranty Trust Holding Company (GTCO), and Zenith Bank, which dominated market turnover in value and volume.

source: The Guardian