 kicks off the week with a N60bn equities rebound as the All-Share Index rises, led by strong performance){kind=link}
The Nigerian Exchange (NGX) commenced the week on a positive trajectory, as equities recorded a notable rebound of N60 billion at the close of trading on Monday, reversing the losses seen in the previous week. The performance signals renewed investor confidence, with market participants responding to stabilizing macroeconomic indicators and corporate earnings announcements.
Data from the NGX showed that the All-Share Index (ASI) inched higher by 94.27 points, or 0.07 per cent, to close at 144,722.47, lifting the market capitalisation to N91.6 trillion from N91.54 trillion recorded on Friday.
Year-to-date, the market continues its strong growth trend, with the ASI gaining 40.61 per cent, while weekly and four-week performances reflected a loss of 0.79 per cent and a gain of 9.78 per cent, respectively.
Trading activity on Monday indicated that a total of 1.05 billion shares worth N15.05 billion changed hands across 38,137 deals.
This reflected a 24 per cent decline in volume compared to the previous session, alongside an eight per cent increase in turnover and a 19 per cent improvement in deal count.
Market breadth was positive, with 43 gainers against 27 losers. UPDC led the top gainers, appreciating by 10 per cent to close at N7.15 per share.
Aiico Insurance also rose 10 per cent to N4.18, while Cornerstone Insurance gained 9.99 per cent to N7.60.
Deep Capital Management & Trust followed with a 9.94 per cent increase to N1.77 per share.
Conversely, Stanbic IBTC Holdings led the laggards, shedding 9.99 per cent to N100.00 per share.
PZ Cussons declined 7.89 per cent to N35.00, while NEM Insurance and Chams dropped 7.85 per cent and 5.26 per cent to N29.95 and N2.70, respectively.
Sectoral performance revealed that the insurance sector drove the day’s positive momentum, with the NGX Insurance Index rising 5.26 per cent, contributing to a remarkable year-to-date gain of 98.41 per cent.
Other sectors were mixed, with the NGX Consumer Goods Index advancing 1.15 per cent, while the NGX Top 30 Index and NGX Premium Index dipped 0.14 per cent and 0.19 per cent, respectively.
In terms of trading activity, Universal Insurance Company emerged as the most actively traded stock, with 202.2 million shares exchanged.
Linkage Assurance followed with 77.9 million shares, Lasaco Assurance at 66.4 million, and Mutual Benefits Assurance with 57.8 million shares traded.
GTCO led value turnover with N1.05 billion, followed by Zenith Bank at N987.76 million, Aradel Holdings at N945.58 million, Access Corporation with N829.71 million, and UBA at N779.15 million.
Analysts suggest that Monday’s rebound reflects improved market sentiment after last week’s profit-taking, which led to a decline of N713 billion in market capitalisation and a 0.77 per cent drop in the ASI to 144,628.20 points.
Investors are closely monitoring earnings reports, macroeconomic indicators, and global market trends as the NGX continues its upward trajectory.
Market experts advise investors to take advantage of the current positive momentum, emphasizing diversified portfolios across high-performing sectors such as insurance, consumer goods, and financial services.
With growing foreign and domestic interest, the NGX is positioned to maintain steady growth in the coming weeks.
As Nigeria’s capital market continues to evolve, industry stakeholders call for stronger regulatory oversight, improved liquidity, and transparent corporate reporting to sustain investor confidence and drive long-term market growth.