The Nigerian Exchange Limited (NGX) opened the week on a positive note as the All-Share Index (ASI) gained 0.65% to close at 149,940.81 points, while market capitalization rose by ₦611 billion to ₦95.171 trillion.
The day’s performance was driven primarily by gains in BUA Cement Plc, Sovereign Trust Insurance Plc, and Eunisell Plc, extending last week’s bullish sentiment in large-cap and insurance stocks.
Market Activity
Investors exchanged 415.35 million shares valued at ₦27.16 billion across 31,522 deals.
The equity capitalization closed at ₦95.17 trillion, the bond market capitalization stood at ₦51.44 trillion, while the ETF capitalization settled at ₦31.52 billion.
The moderate trading volume and value reflect sustained investor participation, with transactions largely concentrated in financial and industrial equities.
Top Gainers
| Company |
Previous Close (₦) |
Current (₦) |
Change (₦) |
% Change |
| Union Dicon Salt Plc |
8.00 |
8.80 |
+0.80 |
+10.00% |
| Eunisell Interlinked Plc |
48.40 |
53.20 |
+4.80 |
+9.92% |
| Sovereign Trust Insurance Plc |
3.57 |
3.80 |
+0.23 |
+6.44% |
| BUA Cement Plc |
160.00 |
170.00 |
+10.00 |
+6.25% |
| Enamelware Plc |
42.45 |
45.00 |
+2.55 |
+6.01% |
BUA Cement Plc led market capitalization gains following renewed investor appetite for industrial goods stocks, while insurance counters such as Sovereign Trust Insurance Plc continued to attract interest amid sector-wide recovery expectations.
Top Losers
| Company |
Previous Close (₦) |
Current (₦) |
Change (₦) |
% Change |
| Juli Plc |
8.95 |
8.06 |
-0.89 |
-9.94% |
| Thomas Wyatt Plc |
3.01 |
2.72 |
-0.29 |
-9.63% |
| Lotus Halal ETF |
85.01 |
77.00 |
-8.01 |
-9.42% |
| FGSUK2032S5 |
107.50 |
98.00 |
-9.49 |
-8.83% |
| Daar Communications Plc |
1.12 |
1.04 |
-0.08 |
-7.14% |
Losses were concentrated among small- and mid-cap stocks as investors took profits on prior gains. The dip in LOTUSHAL15 and FGSUK2032S5 reflected yield adjustments in fixed-income and ETF-linked instruments amid cautious positioning by institutional investors.
Top Traded Stocks
| Company |
Volume |
Value (₦) |
| Fidelity Bank Plc |
49,461,354 |
982,647,037.35 |
| Access Holdings Plc |
42,408,275 |
1,084,028,652.90 |
| Chams Holding Company Plc |
20,225,441 |
81,090,116.44 |
| Nigerian Breweries Plc |
17,905,860 |
1,390,959,652.95 |
| Japaul Gold & Ventures Plc |
16,186,600 |
41,717,805.97 |
Fidelity Bank Plc and Access Holdings Plc dominated both volume and value charts, accounting for a combined 22% of total market turnover, while Nigerian Breweries Plc led the consumer goods sector in value traded.
Bond Market
| Instrument |
Previous Close (₦) |
Current (₦) |
Change (₦) |
| DAN2029S2TB |
100.00 |
100.00 |
0.00 |
| DIF2029S1TA |
100.00 |
100.00 |
0.00 |
| FG162029S1 |
98.00 |
98.00 |
0.00 |
| FG172035S1 |
20.00 |
20.00 |
0.00 |
| FG182042S1 |
100.00 |
100.00 |
0.00 |
The fixed-income segment remained stable with no price movements recorded, indicating investor caution amid steady yield environment and ongoing secondary market repricing.
Exchange-Traded Funds (ETFs)
| ETF |
Previous Close (₦) |
Current (₦) |
Change (₦) |
| VETGRIF30 |
55.00 |
57.00 |
+2.00 |
| VETBANK |
15.20 |
15.23 |
+0.03 |
| STANBICETF30 |
519.99 |
520.00 |
+0.01 |
| NEWGOLD |
57,000.00 |
57,000.00 |
0.00 |
| VETINDETF |
54.00 |
54.00 |
0.00 |
ETF performance was largely neutral except for VETGRIF30 (+3.6%), which gained modestly due to positive sentiment in industrial and banking constituents.
Market Outlook
The NGX sustained its bullish trajectory as investors continued positioning in large-cap and dividend-paying equities. Gains in BUA Cement Plc and insurance counters were the primary catalysts for Monday’s performance.
Market sentiment remains broadly positive, supported by stable exchange rate movements, steady monetary policy tone, and upcoming third-quarter earnings releases expected to provide direction for pricing and valuation.
However, analysts anticipate mild profit-taking in select growth stocks during mid-week sessions as traders lock in recent gains while maintaining overall optimism toward the fourth quarter.
Summary:
