NGX closes on positive note as ASI hits 145,159.77 amid strong investor sentiment

By Sofiyyah Layole 

The Nigerian Exchange (NGX) closed on a positive trajectory on Monday as major performance indicators reflected renewed investor confidence in the equities market. 

The All-Share Index (ASI) climbed to 145,159.77 points, while total market capitalization across equities, bonds and ETFs remained resilient.

Trading activity was moderate, with 28,492 deals executed on a total volume of 388.17 million units valued at ₦31.14 billion. Equity market capitalization closed at ₦92.33 trillion, while bond and ETF capitalizations settled at ₦52.59 trillion and ₦34.46 billion, respectively.

Sovereign Trust Insurance Plc led the gainers’ chart, rising 9.97 percent to close at ₦3.20 from its previous ₦2.91. NCR Nigeria Plc followed closely with a 9.96 percent appreciation, ending the session at ₦28.15 compared to ₦25.60.

Tantalizers Plc also posted a strong rebound with a 9.81 percent gain to ₦2.35, while Prestige Assurance Plc advanced 9.70 percent to ₦1.47. 

Eunisell completed the list of top advancers, appreciating 8.52 percent to close at ₦79.00 from ₦72.80.

The session’s downturn was driven by Dangote Cement Plc, which led the losers with a 10.00 percent decline from ₦594.00 to ₦534.60. Enamelware Nigeria Plc also shed 10.00 percent, closing at ₦40.50 compared to its previous ₦45.00.

Transcorp Plc continued its downward movement, falling 4.66 percent to ₦43.00, while AIICO Insurance Plc dipped 4.11 percent to ₦3.50. Guinea Insurance Plc rounded off the list with a 3.97 percent decline to ₦1.21.

Despite the mixed sector performance, the market’s positive close signals improving sentiment as investors reposition for potential opportunities amid prevailing market dynamics.