El-zionNews

NIGERIAN STOCK MARKET GAINS ₦193BN BOOST LED BY BANKING SECTOR.

The Nigerian stock market kicked off the new trading week on a positive trajectory, with investor wealth increasing by around ₦193 billion due to sustained buying interest and renewed optimism. The Nigerian Exchange (NGX) continued last week’s bullish momentum, as key market indicators rose by 0.25%.

The rally was driven primarily by increased demand for high- and mid-cap equities across various sectors, indicating rising investor confidence in the short-term economic outlook.

On Monday, the NGX All-Share Index climbed by 305.67 points, closing at a new all-time high of 121,295.33 points—its highest level this year.

Although investor sentiment remained upbeat, trading volume declined by 10.80%. However, the value of transactions surged by 31.23%. “Approximately 824.10 million shares were traded in 24,042 deals, with a combined value of ₦14.44 billion,” said Atlass Portfolio Limited.

UNIVINSURE led trading by volume, accounting for 8.74% of total shares exchanged. It was followed by FCMB (7.46%), JAPAULGOLD (6.49%), ACCESSCORP (5.11%), and AIICO (4.88%).

In terms of transaction value, Nigerian Breweries Plc stood out, contributing 16.60% of the day’s total. Top gainers included CADBURY, ELLAHLAKES, and TRIPPLEG, all of which posted a 10% increase.

Other major gainers were REDSTAREX (+9.92%), NGXGROUP (+9.91%), MEYER (+9.90%), OMATEK (+9.89%), and ACADEMY (+9.89%). Overall, 51 stocks gained while 23 declined.

Sunu Assurance Plc topped the list of losers with a 10% dip, followed by PRESTIGE (-9.09%), BERGER (-7.58%), JAPAULGOLD (-6.30%), UCAP (-4.76%), and TRANSCORP (-4.55%).

Sector performance was largely positive: banking rose 0.94%, consumer goods gained 0.75%, insurance increased 0.39%, and oil & gas inched up by 0.01%. The industrial goods sector remained unchanged.

The total market capitalisation at the NGX rose by ₦192.85 billion, reaching ₦76.53 trillion, signaling a strong opening to the trading week.