Nigerian Stock Market Opens the Week on a Positive Note, Rising by N515 billion

Kayode Tokede

The Nigerian stock market continued its positive trend into the new week, with market capitalisation rising by N515 billion.

The Nigerian Exchange Limited All‑Share Index (NGX ASI) increased by 802.94 basis points, or 0.33 percent, to close at 243,396.25 basis points. Market capitalisation likewise grew by N515 billion, reaching N156.109 trillion.

Market breadth was favourable, as 32 stocks gained while 29 fell. International Energy Insurance recorded the largest gain, up 9.92 percent to close at N7.98 per share. TIP followed with a 9.91 percent rise to N32.15, and Associated Bus Company climbed 9.68 percent to N6.80 per share.

Abbey Mortgage Bank advanced 9.63 percent to N10.25, while Haldane McCall rose 8.89 percent to N3.92 per share.

On the downside, Fidson Healthcare led the losers with a 10 percent decline to N122.85 per share. Academy Press fell 9.70 percent to N7.45, and R.T. Briscoe shed 9.43 percent to N13.45 per share.

SUNU Assurance dropped 9.38 percent to N4.06, and Learn Africa lost 8.70 percent to N10.50 per share.

Trading volume rose 22.63 percent to 717.156 million units, valued at N56.659 billion, across 73,321 deals. FCMB Group shares dominated activity with 152.308 million shares traded for N1.826 billion. Premier Paints followed with 61.037 million shares worth N135.263 million, and Dangote Cement traded 34.721 million shares valued at N29.712 billion.

TIP traded 32.818 million shares worth N1.029 billion, while Jaiz Bank executed 32.590 million shares worth N293.295 million.

United Capital Plc projected a mildly positive bias for the week, noting that investors would likely take advantage of recent price corrections to acquire fundamentally strong stocks. “Profit‑taking may continue in some sectors, but bargain hunting is expected to support select banking, industrial, and oil & gas names,” the firm said. “Market sentiment will be shaped by fixed‑income yields and broader macroeconomic developments. Nevertheless, solid corporate fundamentals and improving economic conditions should sustain selective buying interest, leading to cautious yet opportunity‑driven trading.”