Trading on the Nigerian Exchange (NGX) closed slightly higher on Monday with a modest increase in market capitalisation driven by selective price gains, while overall market momentum remained subdued.
Market Summary
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NGX All-Share Index (ASI): 165,384.63 points (+0.01%)
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Deals: 55,374
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Volume: 762.75 million shares
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Market Value: ₦18.41 billion
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Equity Market Capitalisation: ₦106.162 trillion
The market recorded a marginal increase of about ₦9 billion in equity market capitalisation, reflecting limited price appreciation rather than broad-based buying.
Top Price Gainers
Price appreciation was driven mainly by bonds, ETFs, and a few low-priced equities, underscoring selective demand.
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FGSUK2032S5: ₦149.99 (+61.99%)
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FGSUK2033S6: ₦129.99 (+27.44%)
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PREMPAINTS: ₦11.00 (+10.00%)
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LOTUSHAL15: ₦146.41 (+10.00%)
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UNIVINSURE: ₦1.32 (+10.00%)
Top Price Decliners
Losses were concentrated in insurance, real estate, and small-cap stocks, reflecting profit-taking and weak follow-through buying.
Most Traded Stocks (by Volume)
Trading activity was led by consumer and financial stocks, with institutional participation visible in banking names.
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TANTALIZER: 88.49 million shares worth ₦329.39 million
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ZENITHBANK: 40.19 million shares worth ₦2.87 billion
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VERITASKAP: 39.21 million shares worth ₦92.11 million
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UNIVINSURE: 29.30 million shares worth ₦38.07 million
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FIRSTHOLDCO: 27.63 million shares worth ₦1.13 billion
Bonds Market
Interest in fixed-income securities remained strong, with notable price movements in selected FGN instruments.
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FGS202783: ₦90.00 (+15.00%)
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FG202031S1: ₦110.86 (+4.20%)
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FG6B2029S3, FGS202667, FGS202675: unchanged
Exchange-Traded Products (ETPs)
ETFs closed higher across the board, reflecting continued preference for diversified and defensive exposure.
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NEWGOLD: ₦81,500.00 (+₦1,700.16)
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STANBICETF30: ₦3,594.16 (+₦326.74)
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SIAMLETF40: ₦7,659.00 (+₦159.00)
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VETINDETF: ₦157.81 (+₦14.34)
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VETGOODS: ₦61.00 (+₦4.38)
Critical Market Takeaway
Monday’s session showed that the ₦9 billion gain in market capitalisation was driven by selective price movements, not a broad equity rally.
The dominance of bonds and ETFs among top gainers, alongside losses in several equities, indicates capital rotation rather than renewed risk appetite. Despite higher traded value, weak equity breadth suggests the market remains cautious, with investors favouring defensive positioning and short-term trades over aggressive accumulation.
