Equities Market Gains N191bn As Bulls Stay Dominant

The Nigerian equity marketplace maintained a affirmative momentum with a summation of N191 billion, extending the renewed buying involvement to the 5th consecutive trading session.

The All Share Index (ASI) gained 300.49 points, representing a maturation of 0.21 per cent, to adjacent astatine 140,665.85 points. Also, marketplace capitalisation roseate by N191 cardinal to adjacent astatine N89.004 trillion.

Gains recorded successful medium—and large-capitalised stocks impacted the upturn, including Guinness Nigeria, CAP, Nigerian Exchange Group, Nigerian Aviation Handling Company (NAHCO), and NCR Nigeria.

On marketplace outlook, Imperial Asset Managers Limited said, “We expect the ongoing mixed inclination to continue, dictated by bargain hunting acts up of Tier-1 half-year 2025 net releases and interim dividend announcements.”

Market sentiment remained strong, evidenced by a affirmative breadth, with 41 stocks advancing against 12 decliners. C&I Leasing, Guinness Nigeria, and Living Trust Mortgage Bank recorded the highest terms summation of 10 per cent each to adjacent astatine N6.60, N143.00, and N4.62, respectively, per share.

eTranzact International followed with a summation of 9.68 per cent to adjacent astatine N13.60, portion Regency Alliance Insurance up by 9.42 per cent to adjacent astatine N1.51, per share.

On the different hand, NEM Insurance led the losers’ illustration by 9.94 per cent to adjacent astatine N28.10 per share. AXA Mansard Insurance followed with a diminution of 4.76 per cent to adjacent astatine N15.99, portion CWG declined by 4.71 per cent to adjacent astatine N16.20, per share.

Ellah Lakes depreciated by 4.29 per cent to adjacent astatine N13.40, portion Consolidated Hallmark Holdings declined by 4.28 per cent to adjacent astatine N4.03 per share.

Also, the full measurement traded dipped by 50.74 per cent to 378.178 cardinal units, valued astatine N12.408 billion, and exchanged successful 22,935 deals. Transactions successful the shares of Japaul Gold & Ventures topped the enactment illustration with 42.055 cardinal shares valued astatine N111.858 million. Zenith Bank followed with 27.912 cardinal shares worthy N1.867 billion, portion United Bank for Africa (UBA) traded 27.271 cardinal shares valued astatine N1.292 billion.

Access Holdings traded 25.322 cardinal shares valued astatine N669.104 million, portion Nigerian Breweries sold 18.515 cardinal shares worthy N1.296 billion.