The Nigerian equities market sustained its bullish momentum as the benchmark All-Share Index (ASI) surged past the 132,000 threshold, closing at 132,451.73. The market gained 624.96 points or 0.47%, driven by strong buying interest in blue-chip stocks and improved investor sentiment.

Top Gainers: Dangote Sugar Takes the Lead

Dangote Sugar Refinery Plc (DANGSUGAR) led the list of advancers, appreciating by 10% to close at ₦56.10. It was closely followed by Trans-Nationwide Express (TIP), which also hit the 10% upper price limit, finishing the session at ₦11.30.

Other notable gainers included:

Sovereign Trust Insurance (SOVRENINS): +9.84%

Enamelware Plc (ENAMELWA): +9.83%

University Press Limited (UPL): +9.82%

Top Losers: ELLAHLAKES and LEGENDINT Dip

On the flip side, ELLAHLAKES and Legend Interiors (LEGENDINT) both declined by the maximum allowed 10%, topping the list of laggards for the day.

Volume Leaders: ACCESSCORP in Command

Access Holdings Plc (ACCESSCORP) led the trading volume chart, exchanging over 102.8 million shares. Other volume-heavy stocks included:

ELLAHLAKES

United Bank for Africa (UBA)

Guaranty Trust Holding Company (GTCO)

Lafarge Africa (WAPCO)

The market recorded a total turnover of 771.6 million shares, a rise from 706 million in the previous trading session.

Market Capitalization and Outlook

The total market capitalization rose to ₦83.7 trillion, up from ₦83.3 trillion, reflecting sustained investor confidence in the local bourse.

With several stocks hitting the 10% gain limit and key indices continuing to rise, analysts suggest the market may be gearing up for a fresh rally toward the 135,000 mark, barring any macroeconomic headwinds.

Analyst Insight:
“The return of positive sentiment, especially in high-cap names like Dangote Sugar and ACCESSCORP, signals renewed confidence. If this trajectory continues, we may see new record highs in the coming weeks,” said a Lagos-based equity analyst.