The Nigerian equities market opened the week with a modest gain, as the All-Share Index (ASI) inched higher to 165,517.6 points, up 5.4 basis points from the previous session. The slight advance reflects cautious optimism among investors as trading volumes eased slightly.
📊 Market Performance at a Glance:
- All-Share Index: 165,517.6 (+5.4 points)
Market Capitalisation: N105.9 trillion (relatively flat)
Total Volume Traded: ~601 million shares
Total Value Traded: ~N17.3 billion
📈 Top Stocks by Activity:
market activity by volume, with roughly 41.57 million shares traded, highlighting strong investor interest in the technology and ICT sector.
**** followed with 34.3 million shares changing hands, underscoring continued demand for major banking group equities.
Guaranty Trust Holding Company (GTCO) also featured strongly with 31.5 million shares traded.
💰 Top Stocks by Value:
- GTCO topped the value chart with N3.11 billion worth of trades.
Zenith Bank followed at N1.8 billion.
Other notable value contributors included Nigerian Breweries, Aradel, and MTN Nigeria (MTNN).
📈 Market Movers:
Among gainers on the day:
- NPF Microfinance Bank soared 10.00%.
Morison Industries added 9.97%.
UHOMREIT and Deep Cap Management also posted notable gains.
📉 Decliners:
- May & Baker led the losers, dipping 10.00%.
Neimeth and ABC Transport rounded out the laggards. 📌 Market Insight:
Today’s market action signals a continued cautious sentiment among investors, with modest overall gains and selective interest in specific stocks. Although the ASI improved slightly, the market remains fragile and tentative, with activity concentrated in a handful of highly traded stocks.
📍 Why This Matters:
- A rising ASI, even marginally, suggests improving confidence after recent sideways trading.
High trading volumes in Access Holdings and CHAMS indicate renewed investor focus on financial and tech sectors.
The mix of gainers and losers underscores market selectivity — investors are favoring certain stocks while taking profits in others
📊 Nigerian Stock Market Update
The NGX All-Share Index edged up to 165,517.6 points, led by strong activity in CHAMS and Access Holdings. Trading volumes remained robust with key gains in NPF Microfinance Bank and Morison, while May & Baker topped the losers. Market sentiment stays cautious as investors eye opportunities selectively. #NGX #NigeriaStocks #MarketUpdate
Image Credit : Nairametrics
Source : Nairametrics
