Stock Market Gains ₦442 Billion as ASI Rises to 204,458.86 on Renewed Buying

The Nigerian stock market opened the week on a strong note on Monday as the All-Share Index (ASI) advanced from 203,770.43 recorded at the close of the previous trading session to settle at 204,458.86 points.

The upward movement reflects renewed buying interest across key equities following last week’s positive close.

Equities market capitalisation increased from ₦131.17 trillion to ₦131.61 trillion, translating to a gain of approximately ₦442 billion in investor wealth.

Market Activity

Trading activity moderated compared to the previous week’s close as investors exchanged a total of 470.01 million shares valued at ₦32.45 billion in 60,793 deals, indicating steady but cautious participation.

Top Gainers

Market gains were led by Nigerian Exchange Group Plc (NGXGROUP), which rose by 10.00 percent from ₦139.50 to ₦153.45.

Other notable advancers include:

• Trans-Nationwide Express Plc (TRANSEXPR): +9.81% to ₦4.14
• McNichols Plc (MCNICHOLS): +9.74% to ₦7.10
• VFD Group Plc (VFDGROUP): +9.71% to ₦11.30
• Chams Holding Company Plc (CHAMS): +8.96% to ₦3.65

Top Losers

On the downside, Julius Berger Nigeria Plc (BERGER) led the losers’ chart, shedding 9.95 percent to close at ₦68.35.

Other decliners include:

• Academy Press Plc (ACADEMY): -9.71% to ₦7.90
• Caverton Offshore Support Group Plc (CAVERTON): -5.98% to ₦5.50
• Honeywell Flour Mills Plc (HONYFLOUR): -4.92% to ₦20.30
• Chemical and Allied Products Plc (CAP): -3.81% to ₦96.00

Top Trades

Trading activity was led by Access Holdings Plc with 54.91 million shares valued at ₦1.42 billion.

Other actively traded stocks include:

• Guaranty Trust Holding Company Plc (GTCO): ₦5.84 billion
• Zenith Bank Plc: ₦4.75 billion
• Japaul Gold & Ventures Plc: ₦57.53 million
• Chams Holding Company Plc: ₦65.93 million

Fixed Income and ETF Market

The bond market remained largely stable, with major instruments closing unchanged, indicating steady demand across fixed income securities.

The ETF segment recorded mixed performance. NEWGOLD gained ₦4,792.97 to close at ₦158,391.96, while VETBANK and VETGRIF30 recorded marginal gains. However, VETINDETF and VETGOODS declined, reflecting mild profit-taking in select ETF instruments.

Market Outlook

The Nigerian stock market’s strong opening reflects continued investor confidence supported by last week’s bullish momentum.

However, moderate trading volume suggests cautious positioning with investors balancing accumulation in key equities against profit-taking in others as they monitor broader market conditions and corporate developments.