Stock Market Investors Reap N262bn In New Trading Week

The Nigerian equities market, yesterday, began the trading week successful a affirmative presumption arsenic investors’ investments roseate by N262 billion.

Precisely, the All-Share Index up by 227.68 points, representing a summation of 0.24 per cent to adjacent astatine 96,205.85 points. Also, marketplace capitalisation appreciated by N262 cardinal to adjacent astatine N88.199 trillion.

The upturn was driven by terms appreciation successful ample and medium-capitalised stocks, including Transcorp Power, NASCON Allied Industries, Dangote Sugar Refinery, PZ Cussons Nigeria, and Cadbury Nigeria.

Looking ahead, Coronation Asset Management said, “We expect marketplace sentiment to stay cautious, pressured by continued profit-taking. Nonetheless, bargain-hunting successful fundamentally dependable counters, peculiarly up of Q3 net and astir Tier-1 banking H1 2025 releases, could supply intermittent enactment to the ASI.”

As measured by marketplace breadth, marketplace sentiment was positive, arsenic 41 stocks gained comparative to 18 losers. PZ Cussons Nigeria and University Press emerged the highest terms gainer of 10 per cent each to adjacent astatine N35.20 and N5.50 respectively, portion Ellah Lakes followed with a summation of 9.94 per cent to adjacent astatine N14.27, per share.

Legeng Internet roseate by 9.90 per cent to adjacent astatine N5.44, portion NCR Nigeria precocious by 9.84 per cent to adjacent astatine N13.95, per share. On the different side, Industrial & Medical Gases Nigeria, Nigerian Enamelware, Thomas Wyatt Nigeria and Union Dicon Salt led others connected the losers’ illustration with 10 per cent each to adjacent astatine N33.30, N35.10, N2.70 and N10.80 respectively, per share. Academy Press followed with a diminution of 9.95 per cent each to adjacent astatine N8.60, portion Eterna declined by 9.36 per cent to adjacent astatine N31.00 per share.

The full measurement of commercialized decreased by 47.50 per cent to 947.871 cardinal units, valued astatine N17.972 cardinal and exchanged successful 36,036 deals. Transactions successful FCMB Group shares led the activity, with 460.949 cardinal shares worthy N53.391 million.

Universal Insurance followed with a measurement of 42.221 cardinal shares valued astatine N6.420 billion, portion Royal Exchange traded 35.224 cardinal shares valued astatine N72.499 million.

Zenith Bank traded 26.734 cardinal shares worthy N1.732 billion, portion First Holdco traded 25.906 cardinal shares worthy N791.009 million.