Nigeria’s stock market began the week on a strong note, with investors gaining N443 billion due to renewed buying interest in major equities. The market capitalization increased by 0.34 percent, rising from N131.165 trillion at the start of trading to N131.608 trillion by the end of the session. The All-Share Index also saw an advancement, gaining 688.43 points or 0.34 percent, closing at 204,458.86, up from the previous session’s 203,770.43. Market breadth was positive, with 32 gainers outpacing 24 losers. The year-to-date return improved to 31.39 percent, reflecting sustained investor confidence in the Nigerian equities market.
Leading the gainers’ chart was NGX Group, which surged by 10 percent to close at N153.45 per share. Trans-Nationwide Express followed closely with a 9.81 percent gain, reaching N4.14, while MC Nichols rose by 9.74 percent to N7.10. VFD Group and CHAMS also recorded significant gains of 9.71 percent and 8.96 percent, respectively. Conversely, Berger Paints topped the losers’ table with a 9.95 percent decline, closing at N68.35 per share. Academy Press fell by 9.71 percent to N7.90, while Caverton Offshore Support Group dropped by 5.98 percent to N5.50. Additionally, Honeywell Flour and CAP posted losses of 4.92 percent and 3.81 percent, respectively.
Despite the bullish sentiment, trading activity saw a decline, with the total volume of shares traded dropping by 14.33 percent to 470.01 million shares, valued at N32.45 billion across 60,793 deals. Access Corporation led the volume chart with 54.91 million shares, accounting for 11.68 percent of the total traded volume. In terms of value, Aradel Holdings dominated with transactions worth N7.05 billion, representing 21.74 percent of the total value traded.
This positive performance underscores the resilience of Nigeria’s stock market, which continues to attract investor interest despite broader economic challenges. Analysts suggest that the gains reflect optimism regarding corporate earnings and macroeconomic stability, although trading volumes remain a concern. As the market progresses, investors will be closely monitoring developments in corporate performance and policy measures that could help sustain this upward momentum.
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