The Nigerian Exchange (NGX) opened the week on a bullish note as the All-Share Index (ASI) advanced by 0.50% to close at 147,717.23 points, adding approximately ₦464 billion in market capitalization to settle at ₦93.76 trillion, compared to ₦93.30 trillion recorded at the close of the previous week.
This uptrend reflects renewed investor confidence, driven by strong performances in key sectors including insurance, energy, and infrastructure.
Market Overview
Trading activity improved slightly as investors executed 31,563 deals, exchanging 624.61 million shares valued at ₦13.47 billion. Despite the cautious start to the new week, broad-based buying across select tickers sustained the market’s positive momentum.
The Financial Services sector continued to lead activity, supported by interest in Fidelity Bank, Consolidated Hallmark Holdings, and Sovereign Trust Insurance, while Chams Holding Company maintained its active streak among retail-focused investors.
Top Gainers
The day’s rally was spearheaded by Sovereign Trust Insurance Plc, which rose 9.97% to close at ₦3.53, buoyed by sustained demand in the insurance counter. Regency Alliance Insurance Plc followed closely with a 9.68% gain, settling at ₦1.36.
Energy sector player Transcorp Power Plc appreciated by 8.92%, closing at ₦342, while FGSUK 2033S6 advanced 8.57% to ₦99.99, indicating mild recovery in Eurobond-linked instruments. Consolidated Hallmark Holdings Plc rounded out the top five gainers, up 7.14% to ₦4.50 amid heavy trading volumes.
Top Losers
Conversely, profit-taking activities weighed on select tickers. FGSUK 2027S3 recorded the steepest decline, falling 14.77% to ₦75.00. Lotus Halal 15 ETF slipped 9.94% to ₦92.76, while Tripple Gee & Co Plc shed 9.92% to ₦5.45.
Banking counters showed mild weakness, with Wema Bank Plc dropping 4.51% to ₦19.05, while LivingTrust Mortgage Bank Plc fell 3.85% to ₦5.00, reflecting investors’ cautious sentiment around small-cap financial stocks.
Market Activity Leaders
In terms of volume, Consolidated Hallmark Holdings Plc led with 210.46 million units traded at a value of ₦909.65 million, accounting for a significant share of market turnover. Fidelity Bank Plc followed with 47.47 million shares valued at ₦951.82 million, while Chams Holding Company Plc recorded 43.96 million units worth ₦191.63 million.
Other notable mentions include Universal Insurance Plc (29.90 million shares) and Sovereign Trust Insurance Plc (23.26 million shares), confirming strong retail participation in insurance stocks.
Fixed Income Market
The bonds market remained stable, with no notable price changes recorded across the listed sovereign and corporate debt instruments. Yields were largely flat as investors maintained a wait-and-see stance ahead of upcoming monetary policy signals.
ETFs Performance
The Exchange-Traded Products (ETP) segment experienced broad-based gains, led by Greenwich ETF, which surged ₦30.00 to close at ₦330.00, representing a 10% appreciation. Stanbic IBTC ETF 30 advanced ₦20.00 to ₦520.00, while MerValue ETF added ₦14.40 to ₦158.40. VSPBond ETF and VetGoods ETF rose modestly by ₦6.84 and ₦1.50, respectively.
Summary and Outlook
The market’s performance on Monday reflects a continuation of the positive sentiment witnessed at the end of last week, driven largely by renewed investor positioning in insurance, oil and gas, and ETF instruments.
However, selective profit-taking in financials and fixed-income-linked instruments signals that investors are rotating capital into high-yielding and value-driven equities.
Analysts expect this bullish momentum to persist in the short term, especially if corporate disclosures continue to reflect resilience amid macroeconomic headwinds.
In summary:
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ASI: 147,717.23 points (+0.50%)
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Market Cap: ₦93.76 trillion (+₦464 billion)
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Deals: 31,563
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Volume: 624.61 million shares
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Value: ₦13.47 billion