Equity Market Opens Week With ₦5.1trn Gain as ASI Surges 4.36%

The Nigerian Exchange (NGX) commenced the week on a bullish trajectory as the All-Share Index (ASI) advanced by 4.36 per cent to close at 190,262.44 points. This strong performance lifted the year-to-date return to 22.27 per cent, up from 17.16 per cent in the previous session.

Market capitalisation also expanded significantly, adding ₦5.10 trillion to settle at ₦122.13 trillion. The rally was powered by robust gains in heavyweight stocks, including MTNN, which rose 9.99 per cent, Dangote Cement up 9.95 per cent, BUA Cement advancing 5.73 per cent, and Zenith Bank climbing 9.95 percent, offsetting declines in ETI, Fidson, and PZ.

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Investor activity strengthened as trading volume increased by 14.90 per cent and value by 21.44 per cent. Access Holdings led the volume chart with 86.72 million units traded, while MTNN dominated the value chart with transactions worth ₦7.54 billion.

Market breadth closed positive at 1.84 times, with 57 gainers led by ABC Transport, which gained 10 per cent, against 31 decliners topped by RT Briscoe, which fell 9.99 per cent.

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The NASD market also recorded gains, with the NASD Security Index rising 0.67 per cent to close at 4,001.42 points, while market capitalisation increased to ₦2.40 trillion. Transaction volume surged by 389.63 per cent, though the total value of trades declined by 24.28 per cent. SDFCWAMCO gained 8.17 per cent to lead the market, while SDCSCSPLC was the sole decliner, slipping 0.47 per cent.

Overall, investors reaped substantial portfolio gains as the NGX added trillions in value, reinforcing confidence in the market’s momentum at the start of the week.