x

Nigerian Stock Market Gains N84 Billion as NGX Starts Week on a Positive Note

By   Milcah   Tanimu

The Nigerian Exchange Ltd. (NGX) opened the week on a bullish note, adding N84 billion to investors’ portfolios on Monday. The market capitalization rose from N58.920 trillion to N59.004 trillion, marking a 0.14% increase. Similarly, the All-Share Index climbed by 138.1 points to close at 97,374.25, pushing the year-to-date return to 30.23%.

Driving the market’s positive performance were strong demands for Aradel, Flourmill, and AXA Mansard stocks. Despite this, the market breadth leaned negative, with 27 stocks declining and 24 gaining. United Capital led the list of losers with a 9.78% drop, closing at N16.15 per share, while Eunisell Ltd. topped the gainers, rising 10% to close at N9.02 per share.

Trading activity saw a decrease compared to the previous session, with 297.83 million shares worth N7.52 billion exchanged in 9,902 deals—a decline of 20.21% in transaction value from the previous session. Sterling Nigeria led the volume chart with 36.13 million shares, and UBA led the value chart with N1.04 billion in deals.

Analysts at Cowry Asset Management Ltd. forecast mixed sentiment for the week, with potential for a near-term rebound amidst portfolio rebalancing. They noted that the October Consumer Price Index release could impact sentiment, advising investors to focus on solid stocks while monitoring economic trends.

Hot this week

KOSIEC Releases Timetable for 2026 Kogi Local Government Elections

By Noah Ocheni, LokojaThe Kogi State Independent...

ALSTDI Commends President Tinubu for Extending Adebomehin’s Tenure, Hails Progress in Geospatial Intelligence and National Mapping Reforms

….Says extension reflects confidence in performance and continuity….Urges Surveyor-General...

North-Central APC Forum Backs Mutfwang, Rejects Plateau APC Leaders’ Move to Block Defection

By Israel Adamu, JosThe North-Central All Progressives Congress (APC)...

Gov. Ododo Pledges Road Rehabilitation and More Development Projects in Kogi Community

By Noah Ocheni, LokojaGovernor Ahmed Usman Ododo of Kogi...

Ruben Amorim’s Tactical Shift Could Earn Manchester United £24 Million

Ruben Amorim’s bold decision to deploy a striker-less formation...

Benue, Enugu Police Commands Strengthen Collaboration to Curb Interstate Crimes

By Isaac Kertyo, MakurdiThe Commissioners of Police in Benue...

Nigerian Government Receives 170 Citizenship Applications — Minister

By Francis Wilfred, AbujaThe Federal Government of Nigeria has...

New Kogi Police Commissioner, CP Kankarofi, Seeks Public Cooperation to Tackle Crime

By Noah Ocheni, LokojaThe newly appointed Commissioner of Police...

Hazras Charity Foundation Distributes Educational Kits to 1,000 Pupils in Kano and Jigawa

By Jabiru HassanThe Hazras Charity Foundation has successfully completed...

Football matches fixtures

Serie A18:30 CET CagliarivSassuolo 20:45 CET PisavLazioFriday 31 October 2025 Bundesliga...

King Cup: Ronaldo Reacts After Al-Nassr’s Shock Exit to Al-Ittihad

Al-Nassr captain Cristiano Ronaldo has broken his silence following...

Related Articles

Popular Categories

spot_imgspot_img