Nigerian Stock Market Gains N365 Billion As Investors Reap Profits

Stock Exchange Closes Trading Week With N30bn Gain

The Nigerian stock market saw significant growth as investors gained about N365 billion, with key market indicators rising by 0.57% by the end of the trading day.

This positive shift was driven by increased demand for medium- and large-cap stocks, particularly ARADEL, STANBIC, and others. The release of earnings reports from Nigerian companies also encouraged more investors to buy shares.

The Nigerian Exchange All-Share Index increased by 590.99 points (0.57%), closing at 104,549.74. However, while the total volume of shares traded dropped by 22.24%, the total value of transactions increased by 9.99%.

According to a market report by Atlass Portfolios Limited, investors traded approximately 421.62 million shares worth ₦14.99 billion across 16,256 deals.

In terms of volume, UNIVINSURE led the trading activity, accounting for 8.07% of the total volume, followed by FIDELITYBK (7.66%), FCMB (5.55%), JAPAULGOLD (4.85%), and VERITASKAP (4.10%).

When it comes to value, ARADEL was the most actively traded stock, making up 46.53% of the total transaction value on the exchange.

Top gainers for the day included ARADEL (+10.00%), CHELLARAM (+9.98%), STANBIC (+9.92%), UPL (+9.64%), and DAARCOMM (+9.09%). Meanwhile, MCNICHOLOS and CAVERTON saw the biggest losses, dropping by 10.00% each. Other decliners included VERITASKAP (-9.79%), ROYALEX (-8.08%), JAPAULGOLD (-3.64%), NEIMETH (-3.00%), and ACCESSCORP (-1.11%).

Overall, the market recorded 26 gainers and 37 losers, indicating a slightly negative market breadth. However, four out of the five major market sectors experienced growth, led by the Oil & Gas sector, which surged by 3.34%. Other sectors that saw gains included Consumer Goods (+0.81%), Banking (+0.75%), and Industrials (+0.01%), while the Insurance sector declined by 1.65%.

At the end of the trading session, the total market capitalisation of the Nigerian Exchange rose by ₦364.72 billion, closing at ₦64.52 trillion.