Nigerian Stocks Climb to ₦90 Trillion

The Nigerian stock market began the week on a positive note, with total market capitalisation rising by 0.17 per cent to reach ₦90.115 trillion, up from ₦89.960 trillion recorded in the previous session.

Data from the Nigerian Exchange Group (NGX) showed that equity investors gained ₦154 billion by the close of Monday’s trading.

The All-Share Index (ASI)also advanced by 240.56 basis points, or 0.17 per cent, to finish at 142,377.56, compared to 142,133.03 on Friday.

Stock (News Central TV) — Nigerian stocks climb to ₦90 trillion. Credit: Punch Newspapers

Despite the upbeat figures, market sentiment closed negative, with 25 gainersagainst 36 losers. SFSREIT and THOMASWY topped the gainers’ chart with a 10 per cent rise each, ending at ₦346.55 and ₦3.63 respectively. LIVINGTRUST gained 9.90 per cent to settle at ₦5.66, while ETERNA climbed 9.86 per cent to ₦30.65.

On the downside, Mansard Insurance suffered a 10 per cent decline to close at ₦14.40, followed by UPL, which lost 9.85 per cent to ₦5.40.

LearnAfricadropped 9.72 per cent to ₦6.50, and Julius Berger fell 8.70 per cent to ₦136.50.

Trading volume for the day reached 388.95 million shares, worth ₦11.62 billion, across 28,116 deals, underscoring sustained investor activity despite the mixed sentiment.

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Abdullahi Jimoh

Abdullahi Jimoh is a multimedia journalist and digital content creator with over a decade's experience in writing, communications, and marketing across Africa and the UK.