Sustained Buying Boosts Stocks Market To N443bn Gain

The Nigerian equities market kicked off the week positively, with the overall capitalization climbing by N443 billion on sustained buying.

The All Share Index (ASI) gained by 688.43 points, representing a growth of 0.34 per cent to close at 204,458.86 points. Also, market capitalisation gained N443 billion to close at N131.609 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Guinness Nigeria, Nigerian Exchange Group, Stanbic IBTC Holdings, Nigerian Breweries and CWG.

On market outlook, United Capital Plc said, “equity market is likely to remain selectively constructive this week, supported by ongoing rotation into high‑quality, dividend‑paying large‑cap stocks as investors seek income and balance‑sheet resilience.

“However, upside is expected to be uneven, with elevated bond yields, restrictive monetary conditions, and lingering inflation risks continuing to compete for capital. As a result, market performance is likely to remain highly stock‑specific, with leadership concentrated in defensive and cash‑generative names rather than broad‑based index gains.”

Market breadth was positive, as 31 advancers outpaced 24 decliners. Nigerian Exchange Group recorded the highest price gain of 10 per cent to close at N153.45, per share. Trans-Nationwide Express followed with a gain of 9.81 per cent to close at N4.14, while McNichols Consolidated up by 9.74 per cent to close at N7.10, per share.

VFD Group rose by 9.71 per cent to close at N11.30, while Chams Holding Company gained 8.96 per cent to close N3.65, per share.

On the other hand, Berger Paints led the losers’ chart by 9.95 per cent to close at N68.35, per share. Academy Press followed with a decline of 9.71 per cent to close at N7.90, while Caverton Offshore Support Group declined by 5.98 per cent to close at N5.50, per share.

Honeywell Flour Mills depreciated by 4.92 per cent to close at N20.30, while CAP declined by 3.81 per cent to close at N96.00, per share.

Meanwhile, the total volume traded dipped by 14.33 per cent to 470.008 million units, valued at N32.449 billion, and exchanged in 60,793 deals. Transactions in the shares of Access Holdings topped the activity chart with 54.914 million shares valued at N1.422 billion. Guaranty Trust Holding Company (GTCO) followed with 43.512 million shares worth N5.843 billion, while Zenith Bank traded 42.205 million shares valued at N4.750 billion.

Japaul Gold & Ventures traded 19.268 million shares valued at N57.528 million, while Chams Holding Company sold 19.062 million shares worth N65.930 million.