Equities Market Gains N191bn As Bulls Stay Dominant

The Nigerian equity market maintained a positive momentum with a gain of N191 billion, extending the renewed buying interest to the fifth consecutive trading session.

The All Share Index (ASI) gained 300.49 points, representing a growth of 0.21 per cent, to close at 140,665.85 points. Also, market capitalisation rose by N191 billion to close at N89.004 trillion.

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

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

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

eTranzact International followed with a gain of 9.68 per cent to close at N13.60, while Regency Alliance Insurance up by 9.42 per cent to close at N1.51, per share.

On the other hand, NEM Insurance led the losers’ chart by 9.94 per cent to close at N28.10 per share. AXA Mansard Insurance followed with a decline of 4.76 per cent to close at N15.99, while CWG declined by 4.71 per cent to close at N16.20, per share.

Ellah Lakes depreciated by 4.29 per cent to close at N13.40, while Consolidated Hallmark Holdings declined by 4.28 per cent to close at N4.03 per share.

Also, the total volume traded dipped by 50.74 per cent to 378.178 million units, valued at N12.408 billion, and exchanged in 22,935 deals. Transactions in the shares of Japaul Gold & Ventures topped the activity chart with 42.055 million shares valued at N111.858 million. Zenith Bank followed with 27.912 million shares worth N1.867 billion, while United Bank for Africa (UBA) traded 27.271 million shares valued at N1.292 billion.

Access Holdings traded 25.322 million shares valued at N669.104 million, while Nigerian Breweries sold 18.515 million shares worth N1.296 billion.