The Nigerian equities market opened this week on a bullish note, as renewed investor interest lifted the NGX
All-Share Index (ASI) by 0.09% to close at 145,880.77 basis points.
The figures pushed the year-to-date (YTD) return further to 41.73%.
This positive start reflects sustained optimism around market fundamentals and earnings expectations.
Consequently, market capitalisation of listed equities rose by 0.09% to ₦92.294 trillion, adding ₦79.6 billion to investors’ portfolios compared to the N92.214 trillion recorded on Friday.
Investor sentiment remained upbeat, with market breadth closing positive as 41 stocks advanced against 36 decliners, underscoring the ongoing tussle between bargain hunters and profit-takers.
Notable among the gainers included Aiico, Sunuassur, Veritaskap, Stanbic, and Tip, each appreciating by 10%. On the flip side, Abbeybds, Abctrans, Uacn, Hmcall, and Vfdgroup were among the top laggards, shedding 10.00%, 9.99%, 9.92%, and 9.70%, respectively.
Sector performance was mixed. The Banking (+0.44%) and Insurance (+9.74%) indices closed in positive territory, buoyed by renewed buying interest and earnings-driven optimism.
Conversely, Oil/Gas (-0.56%) and Industrial Goods (-1.47%) came under mild selling pressure, while the Consumer Goods index ended flat.
Overall market activity moderated, as trading volume and value
declined by 4.52% and 40.17%, respectively, even though the number of deals rose by 15.41%.
A total of 2.115 billion shares worth ₦19.4 billion exchanged hands across 40,435 deals.
Victoria Ibanga