Nigeria’s stock market rebounded sharply, delivering approximately ₦65 billion in gains as the Nigerian Exchange (NGX) all-share index advanced by seven basis points.
This recovery reversed the negative performance seen last week and boosted the market index, year-to-date returns, and market capitalization.
The NGX index rose 0.07% increase, closing at 144,722.47 basis points. Market activity was mixed: trade volume fell by 16.12%, while trade value rose by 17.55%.
As a result of these dynamics, total stock market capitalization rose by ₦64.55 billion, reaching ₦91.56 trillion.
- A total of 1,146.66 million units, valued at ₦16,173.88 million, were transacted across 38,160 deals.
- UNIVINSURE led by volume (19.35%), followed by LINKASSURE (7.45%), LASACO (6.35%), MBENEFIT (5.53%), and VERITASKAP (5.10%).
- GTCO stood out in value, accounting for 6.96% of total transaction value.
Top Gainers & Losers
Advancers stole the spotlight, with UPDC and AIICO each gaining 10.00%, closely followed by CORNERST (+9.99%), DEAPCAP (+9.94%), CUSTODIAN (+9.93%), WAPIC (+9.92%), INTENEGINS (+9.91%), and 36 others.
Meanwhile, depreciation hit 26 stocks: STANBIC fell –9.99%, with PZ (–7.89%), CHAMS (–5.26%), LIVESTOCK (–4.73%), OANDO (–2.88%), and ACCESSCORP (–1.61%) among the laggards.
Market Breadth & Sector Performance
Market breadth ended positive: 43 gainers versus 26 losers, signaling broad sentiment improvement. Sector-wise
- Insurance sector led gains at +5.26%.
- Industrial sector followed with +1.75%.
- Consumer goods sector added +1.15%.
- Conversely, Banking slid –1.51%, and Oil & Gas dipped –0.28%.