Nigerian equities started the week higher on Monday as investors added N515 billion to the value of listed companies, lifting market-wide performance and supporting a stronger year-to-date position.
Key takeaways
- Overall market capitalisation increased by N515 billion, a rise of 0.33%, to end at N156.108 trillion.
- The All-Share Index climbed by 802.94 points (0.33%), moving from 242,593.31 to 243,396.25.
- Market breadth was positive, with 32 advancing stocks versus 30 declining names.
- Trading activity totalled 717.16 million shares worth N56.66 billion across 73,321 deals.
- FCMB led by trading volume (157.80 million shares), while Dangote Cement led by trade value at N29.77 billion.
Market performance and index gains
The Nigerian stock market opened the week with gains, pushing total market capitalisation up by N515 billion. That translated into a 0.33% increase, taking the closing level to N156.108 trillion from N155.593 trillion recorded at the end of trading on Friday.
Benchmark performance improved in parallel. The All-Share Index advanced by 802.94 points, or 0.33%, rising from 242,593.31 to finish at 243,396.25. With the uptick, the market’s year-to-date return strengthened to 56.41%.
Session dynamics also leaned bullish. Trading closed with a positive breadth: 32 stocks rose while 30 fell, indicating more price appreciation than depreciation among the day’s active listings.
Top movers and trading details
Among the gainers, International Energy Insurance led the session, increasing by 9.92% to close at N7.98 per share. It was followed by The Initiates Plc, ABC Transport, and Abbey Mortgage Bank, each posting meaningful advances.
On the other side, Fidson Healthcare recorded the steepest decline, dropping 10% to end at N122.85 per share. Academy Press fell by 9.70% to N7.45, while RT Briscoe slid 9.43% to close at N13.45 per share.
Liquidity improved compared with the previous session. Investors traded a total of 717.16 million shares worth N56.66 billion in 73,321 deals. This was higher than Friday’s 608.49 million shares valued at N32.03 billion traded across 53,826 transactions.
By volume, FCMB was the most actively traded stock, with 157.80 million shares, representing 21.15% of all shares exchanged during Monday’s session. By value, Dangote Cement topped activity with transactions worth N29.77 billion, accounting for 51.28% of the total value of trades recorded on the day.
