NGX Starts Week Strong with Top Gainers Leading Market Surge

The Nigerian Exchange (NGX) started the week positively with 5 companies leading the gainers' table. The NGX Index ASI rose, and market capitalization increased to a trillion on Monday, September 8.

Notable gainers included FCMB Group, Universal Insurance, and Royal Exchange. United Bank Plc (UBA) extended its Rights Issue subscription period to September 19 to allow shareholders more time to participate.

The move aims to enhance shareholder engagement and participation. This extension follows approval from the Securities and Exchange Commission (SEC).

The market breadth was positive with 34 stocks advancing, 15 declining, and 87 remaining unchanged. The trading session saw active trading in various stocks, reflecting investor interest and market activity.