The Nigerian Exchange Limited (NGX) opened the new trading week on a bullish note, extending the upward momentum from the previous week’s 1.02 percent gain.
The All-Share Index (ASI) advanced by 0.86 percent to close at 144,822.77 points, while the overall market capitalization increased by ₦786.4 billion to settle at ₦91.92 trillion, up from ₦91.14 trillion at the close of trading on October 3, 2025.
The positive outing signaled sustained investor confidence following last week’s broad-based recovery as institutional and retail investors renewed positions in energy, insurance and real-estate-linked instruments.
Market Activity and Liquidity
Total market turnover stood at 519.92 million shares valued at ₦14.55 billion in 35,490 deals, representing a moderate session compared with the high-volume activity that defined the prior week’s ₦115 billion cumulative turnover.
Despite the lighter flows, participation was broad, led by renewed interest in energy and insurance counters.
Ellah Lakes Plc dominated trading by volume and value with 80.07 million shares worth ₦1.18 billion, reflecting investor optimism in the agribusiness and agro-processing subsector.
Other notable movers included Chams Holdings Plc (30.2 million units), Sterling Financial Holdings (24.7 million units), Custodian Investment Plc (21.8 million units), and Guaranty Trust Holdings Co Plc (20.1 million units), showing continued investor preference for diversified financial stocks.
Gainers’ Chart Led by Seplat and Mansard
Bullish sentiment was dominant as top-tier and mid-cap stocks attracted strong buy interest.
-
Seplat Energy Plc topped the gainers’ list, appreciating by ₦537.90 (+10.00%) to close at ₦5,917.20, following sustained foreign accumulation in the energy space.
-
AXA Mansard Insurance Plc also gained ₦1.44 (+10.00%) to settle at ₦15.84, continuing its rebound after last week’s profit-taking episode.
-
SFS Real Estate Investment Trust (SFS REIT) rose 9.97 percent to ₦381.10, reflecting renewed demand for income-yielding assets.
-
Ellah Lakes Plc advanced 9.95 percent to ₦14.81, while Chams Holdings Plc climbed 9.87 percent to ₦4.23, extending its year-to-date uptrend.
Losers’ Table Dominated by Insurance and Industrial Stocks
Profit-taking in select small- and mid-cap names trimmed overall market breadth.
-
International Energy Insurance Plc led the laggards with an 8.42 percent drop to ₦2.72,
-
followed by McNichols Plc (-8.31%),
-
Thomas Wyatt Plc (-7.72%),
-
Berger Paints Plc (-6.80%), and
-
ABC Transport Plc (-5.81%).
The declines indicate short-term corrections after recent rallies in low-priced equities.
ETFs and Bonds Sustain Upward Momentum
The Exchange-Traded Products (ETP) segment mirrored the equities’ strength.
-
NewGold ETF advanced by ₦6,297.99 to ₦57,799, driven by safe-haven flows amid global fiscal uncertainties.
-
GreenWETF added ₦25.54 (+10.00%) to close at ₦280.97,
-
while VSPBondETF gained ₦2.96 to ₦206.00.
The positive performance across ETFs highlighted institutional repositioning into diversified instruments.
In the bonds market, yields moderated slightly as demand improved for select sovereign issues.
-
FGS 2028 (Series 528) and FGS 2026 (Series 886) both appreciated, the latter rising ₦5.00 to ₦100.00.
-
The benchmark FG 2034 S2 climbed ₦2.40 to ₦114.00, signaling a cautious preference for longer-dated assets amid stable macroeconomic sentiment.
Market Outlook
Analysts at Investors King observe that Monday’s uptrend consolidates the NGX’s recent breakout above the 143,000-point resistance level, placing the index on course for its fifth consecutive weekly gain if buying momentum persists.
However, near-term volatility may arise from profit-taking in high-flyers such as Seplat, SFS REIT, and Ellah Lakes, which rallied sharply during the session.
Overall sentiment remains constructively bullish, underpinned by sustained foreign participation in energy, local repositioning in banking and insurance, and renewed appetite for alternative instruments like gold-backed ETFs.
