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.

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.