The Nigerian Exchange (NGX) opened the week on a negative note as the All-Share Index (ASI) declined by 1.26% on Monday to close at 145,159.77 points.
The decline was driven largely by sell pressure in heavyweight counters, particularly Dangote Cement Plc, as investors continued to take profit following recent market volatility.
Market Turnover and Capitalisation
Trading activity was moderate but supported by sizeable transactions in a few high-value stocks.
-
ASI: 145,159.77
-
Deals: 28,492
-
Volume: 388,177,180 units
-
Value: N 31,143,483,835
-
Equity Market Capitalisation: N 92,328,962,295,786.31
-
Bond Market Capitalisation: N 52,590,522,436,492.60
-
ETF Market Capitalisation: N 34,455,993,167.41
The negative close in the benchmark index reflects broad sell sentiment in large-cap names despite pockets of gains in select mid- and small-cap stocks.
Top 5 Price Gainers
Price appreciation was led by insurance and consumer-facing stocks as investors rotated into lower-priced counters.
| Symbol |
Last Close |
Current |
Change |
% Change |
| SOVRENINS |
N 2.91 |
N 3.20 |
N 0.29 |
9.97% |
| NCR |
N 25.60 |
N 28.15 |
N 2.55 |
9.96% |
| TANTALIZER |
N 2.14 |
N 2.35 |
N 0.21 |
9.81% |
| PRESTIGE |
N 1.34 |
N 1.47 |
N 0.13 |
9.70% |
| EUNISELL |
N 72.80 |
N 79.00 |
N 6.20 |
8.52% |
Sovereign Trust Insurance Plc (SOVRENINS) topped the gainers’ list with a 9.97% increase, while NCR Nigeria Plc and Tantalizer Plc also recorded strong price appreciation.
Top 5 Price Decliners
Losses were concentrated in industrial and select blue-chip names, exerting downward pressure on the benchmark index.
| Symbol |
Last Close |
Current |
Change |
% Change |
| ENAMELWA |
N 45.00 |
N 40.50 |
-N 4.50 |
-10.00% |
| DANGCEM |
N 594.00 |
N 534.60 |
-N 59.40 |
-10.00% |
| TRANSCORP |
N 45.10 |
N 43.00 |
-N 2.10 |
-4.66% |
| AIICO |
N 3.65 |
N 3.50 |
-N 0.15 |
-4.11% |
| GUINEAINS |
N 1.26 |
N 1.21 |
-N 0.05 |
-3.97% |
Dangote Cement Plc (DANGCEM) declined by 10.00%, contributing to the day’s negative market breadth and index performance.
Most Active Stocks by Volume and Value
Trading activity was driven by a mix of consumer, financial and energy-related names.
| Symbol |
Volume |
Value (N) |
| TANTALIZER |
57,122,296.00 |
134,237,395.60 |
| ARADEL |
30,426,621.00 |
21,495,768,681.80 |
| GTCO |
21,781,145.00 |
1,874,833,805.80 |
| ASOSAVINGS |
20,022,496.00 |
21,652,748.43 |
| STERLINGNG |
15,500,228.00 |
113,985,242.80 |
Aradel Holdings Plc (ARADEL) dominated the value chart with trades in excess of N 21.49 billion, underscoring sustained interest from high-net-worth and institutional investors.
Fixed Income Segment
Activity in the listed FGN savings and corporate instruments was muted, with no price changes recorded on the day.
| Symbol |
Last Close |
Current |
Change |
Volume |
| FGS202758 |
N 79.80 |
N 79.80 |
0.00 |
– |
| FGS202760 |
N 98.99 |
N 98.99 |
0.00 |
– |
| FGS202766 |
N 75.00 |
N 75.00 |
0.00 |
– |
| FGS202801 |
N 100.00 |
N 100.00 |
0.00 |
– |
| MCI2026S1 |
N 100.00 |
N 100.00 |
0.00 |
– |
Exchange Traded Funds (ETFs)
The ETF space recorded mixed performance, with gains in some broad-market trackers.
| Symbol |
Last Close |
Current |
Change |
| STANBICETF30 |
N 744.00 |
N 818.40 |
N 74.40 |
| MERVALUE |
N 218.00 |
N 225.00 |
N 7.00 |
| VETBANK |
N 13.70 |
N 14.00 |
N 0.30 |
| VETGRIF30 |
N 55.00 |
N 55.10 |
N 0.10 |
| NEWGOLD |
N 57,449.00 |
N 57,449.00 |
0.00 |
STANBICETF30 and MERVALUE posted notable advances, signalling ongoing use of ETFs as vehicles for broad market and value-based exposure.
Outlook
Monday’s negative close confirms continued profit-taking in large-cap stocks, particularly in industrial and blue-chip names. However, the strength in insurance, selected consumer plays and ETFs indicates that investors are still selectively deploying capital into pockets of value.
Short-term sentiment is expected to remain cautious, with direction likely to be shaped by:
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Further movements in heavyweight counters
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Portfolio rebalancing towards year-end
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Demand in defensive sectors such as insurance and low-priced consumer names
