Stock Market Commence New Week on Positive Note
The Nigerian stock market began the week on a positive note, with the Nigerian Exchange Limited Index (NGX ASI) gaining 0.01% to close at 0.01% higher. Market capitalization also increased by N59 billion to close at N20 trillion, driven by gains in medium and large-capitalized stocks like Dangote Sugar Refinery and Unilever Nigeria.
The market saw 43 stocks appreciating compared to 27 depreciating, with AIICO Insurance and UPDC recording the highest price gains. On the other hand, Stanbic IBTC Holdings led the losers' chart.
Total volume traded declined by 8.3% to 0.59 billion units valued at N6.3 billion. Analysts anticipate a mixed performance in the equity market, with renewed bargain hunting interest likely to support the insurance and banking sectors.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Equities Market Opens Trading Week By N79bn Gain
Nigerian Stock Market Drops N439bn, Sectoral Indices Decline
Nigerian Stock Market Ends September 2025 Positively, NGX Index Rises - Market Update
Profit-taking Deepen Stock Market Losses by N2.29bn in One Week
Nigerian Equities Market Gains N822 Billion as Investors Sustain Bullish Run
Nigerian Stock Market Sees Mixed Results Despite Strong Performances
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
