Equities market begins week strongly with N369bn profit for investors

The equities market had a strong start to the week on Monday, 24 March 2025, as investors recorded a profit of N369 billion on the trading floor of the Nigerian Exchange Group (NGX).

This gain was driven by a surge in the share prices of stocks such as ROYALEX, LIVESTOCK, and ABBEYBDS, among others.

After five hours of trading, the equity capitalisation rose to ¦ 66.189 trillion, up from ¦ 65.820 trillion recorded on Friday, 21 March 2025.

Similarly, the benchmark All-Share Index (ASI) climbed to 105,551.39 points from 104,962.96 points in the previous trading session.

Market breadth remained positive, with 24 stocks appreciating, 22 stocks declining, and 76 stocks maintaining their previous prices across 13,314 deals.

Among the top gainers, Royalex, Livestock, and ABBEYBDS saw increases of 10%, 9.87%, and 9.72%, respectively, closing at N 0.88, N9.24, and N3.95 per share, compared to their previous prices of N0.80, N8.41, and N3.60.

Conversely, NEM, UCAP, and CWG led the price decliners, shedding 9.63%, 9.29%, and 6.67%, respectively, to close at ¦ 12.20, N16.60, and N8.40 per share, down from N13.50, N18.30, and N9.00.

On the volume index, Zenith Bank led trading activity with 55 million shares exchanged in 1,011 deals, followed by FCMB with 49 million shares traded across 296 deals. UBA recorded 47 million shares in 1,164 transactions.

In terms of value, Zenith Bank topped the chart as the most traded stock, with equities worth N2.6 billion exchanged in 1,011 deals. UBA followed closely with transactions worth N1.8 billion across 1,164 deals, while ACCESSCORP traded shares valued at N834 million in 875 deals.