Stock Market Opens Week Stronger With N705bn Gain

The Nigerian stock market opened the week on a positive note yesterday with a gain of N705 billion following share price appreciation in BUA Foods Plc and 31 others.

The All-Share Index appreciated by 1,113.31 per cent, representing a gain of 0.79 per cent, to close at 141,659.00 points. Similarly, the overall market capitalisation value gained N705 billion to close at N 89.627 trillion.

The market’s positive performance was driven by price appreciation in large and medium-capitalised stocks, which are BUA Foods, Northern Nigeria Flour Mills (NNFM), Unilever Nigeria, Cadbury Nigeria, and Vitafoam Nigeria.

On this week’s market performance, Imperial Asset Managers Limited said, “We expect the equity market to trade with a cautious-bullish bias. Sustained investors’ interest in bellwether, undervalued, and speculative stocks and improved market liquidity could extend the positive momentum.

However, macroeconomic data expectations on Inflation numbers for August 2025, Yield direction for September 2025 Bonds’ PMA, MPC September 2025 meeting, and Q2, 2025 GDP report will elicit mixed reactions from players.

“Given the above scenarios, we continue to advise that investors maintain a cautious stance and continue to prioritise stocks with strong fundamentals, healthy balance sheets, and resilient earnings potential.”

Investor sentiment, as measured by market breadth, closed positive as 32 stocks advanced, while 30 declined. Living Trust Mortgage Bank recorded the highest price gain of 9.96 per cent to close at N5.08, per share. eTranzact International followed with a gain of 9.70 per cent to close at N16.40, while Regency Alliance Insurance rose by 9.64 per cent to close at N1.82, per share.

NNFM appreciated by 8.62 per cent to close at N93.90, while Unilever Nigeria rose by 8.41 per cent to close at N72.80 per share.

On the other hand, McNichols led the losers’ chart by 9.90 per cent to close at N3.55 per share. Honeywell Flour Mills followed with a decline of 9.13 per cent to close at N20.90, while UACN declined by 8.01 per cent to close at N67.15 per share.

Omatek Ventures lost 7.58 per cent to close at N1.22, while Champion Breweries depreciated by 6.00 per cent to close at N15.98 per share.

The total volume traded rose by 27.69 per cent to 555.123 million units, valued at N24.082 billion, and exchanged in 31,578 deals. Transactions in the shares of UACN topped the activity chart with 67.170 million shares valued at N4.495 billion. Regency Alliance Insurance followed with 57.234 million shares worth N98.102 million, while Access Holdings traded 37.696 million shares valued at N1.019 billion.

Lasaco Assurance traded 32.782 million shares valued at N98.446 million, while Chams Holding Company transacted 32.596 million shares worth N115.614 million.