The Nigerian Exchange (NGX) closed higher on Monday as selective buying in mid-cap and insurance stocks lifted the benchmark index despite losses in financial and fixed-income instruments.
The NGX All-Share Index (ASI) rose by 0.26% to close at 152,459.07 points, while equity market capitalisation increased to ₦97.19 trillion.
Market Activity Overview
Trading activity remained moderate during the session. A total of 451.52 million shares valued at ₦13.03 billion were exchanged in 33,327 deals.
The bond market capitalisation closed at ₦51.54 trillion, while exchange-traded funds (ETFs) ended the session with a combined market value of ₦44.31 billion.
Top Gainers
Buying interest was strongest in industrial, insurance, and consumer stocks:
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Alexis Plc gained 9.72% to close at ₦13.55
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International Energy Insurance Plc rose 9.69% to ₦2.49
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Mecure Industries Plc advanced 9.64% to ₦60.30
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Royal Exchange Plc appreciated 9.60% to ₦1.94
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Austin Laz & Company Plc added 9.50% to close at ₦2.65
Top Losers
Losses were recorded in insurance, financial, and bond-linked instruments:
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FGS UK 2031 Series 4 declined 11.10% to ₦80.00
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Custodian Investment Plc fell 10.00% to ₦35.10
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ABC Transport Plc dropped 10.00% to ₦3.15
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Prestige Assurance Plc shed 7.41% to ₦1.50
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Guinea Insurance Plc lost 7.38% to ₦1.13
Most Actively Traded Stocks (By Volume)
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Tantalizers Plc led activity with 50.18 million shares traded, valued at ₦127.47 million
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First HoldCo Plc followed with 32.62 million shares worth ₦1.49 billion
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Access Holdings Plc recorded 27.32 million shares valued at ₦562.34 million
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Custodian Investment Plc traded 22.10 million shares, worth ₦857.83 million
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Chams Holding Company Plc posted 21.32 million shares valued at ₦71.14 million
Bonds Market
The fixed-income market closed mixed, with select instruments recording price adjustments:
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FGS 2028 gained to close at ₦100.00
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FGS 2028/2029, LAB 2031 Series 4, AXA 2027 Series 1, and CEMC 2045 Series 1 closed unchanged at par
ETF Market Performance
ETFs recorded broad gains during the session:
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NEWGOLD ETF surged by ₦6,999.98 to close at ₦59,999.98
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SIAML ETF 40 advanced ₦114.80 to ₦1,262.80
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MERI Growth ETF gained ₦48.80 to close at ₦581.00
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VSP Bond ETF rose to ₦215.00
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Vetiva Griffin 30 ETF edged higher to ₦59.70
Market Outlook
The modest advance in the benchmark index reflects cautious optimism, with investors selectively positioning in mid-cap and insurance stocks. While losses in financial and fixed-income instruments limited broader gains, sustained activity in ETFs and industrial names suggests continued rotation as year-end portfolio adjustments progress.