The Nigerian Exchange (NGX) began the week on a positive note, recording a market capitalization increase of ₦704 billion, bringing the total market cap to ₦89.63 trillion from ₦88.92 trillion at the close of the previous week. The All-Share Index (ASI) rose by 1,155.32 points, closing at 141,701.01 points, representing a gain of 0.82 percent.
The bullish performance was driven by renewed investor interest in medium and large-cap stocks, particularly in the financial services, consumer goods, and insurance sectors. Top gainers included LivingTrust Mortgage Bank (+9.96%), eTranzact International (+9.70%), and Regency Alliance Insurance (+9.64%), with other notable performers such as Northern Nigeria Flour Mills, Unilever Nigeria, and BUA Foods contributing to the positive momentum.
Trading activity was robust, with a total of 545.41 million shares valued at ₦23.86 billion exchanged across 31,293 deals. UACN led the volume chart with 12.11 percent of total trades, followed by Regal Insurance and Access Holdings, while Geregu Power dominated the value chart, accounting for 42.69 percent of the total trade value.
Despite the gains, the market breadth remained slightly positive, with 31 gainers and 30 losers. The Consumer Goods index emerged as the top performer, supported by price gains in BUA Foods, Unilever, and Cadbury, while the Banking index saw modest gains due to buying interest in stocks such as GTCO, Access Holdings, and FCMB.
