Nigerian Stock Market Opens Week Strong with N400bn Gain
Stock Market Kicks Off Week with N400bn Surge The Nigerian Exchange (NGX) opened the week on a bullish note, gaining N400 billion as investor confidence lifted major stocks. 📊 Key Market Indicators: All-Share Index (ASI): ▲ 0.53% to 135,166.51 points Market Cap: ▲ N400bn to N85.455 trillion Market Breadth: 45 Gainers vs 25 Losers 🏆 Top 5 Gainers Academy Press ▲ 9.99% (N10.24) Champion Breweries ▲ 9.98% (N13.55) Triple Gee ▲ 9.97% (N3.86) May & Baker ▲ 9.94% (N18.80) UACN ▲ 9.92% (N60.40) 📉 Top 5 Losers Livestock Feeds ▼ 10% (N8.10) The Initiates Plc (TIP) ▼ 9.98% (N14.52) Ellah Lakes ▼ 9.08% (N8.91) Nigerian Exchange Group ▼ 6.02% (N75.00) Thomas Wyatt ▼ 5.54% (N2.90) 💹 Trading Activity Highlights Total Volume: ▲ 11.47% to 795.59 million units Total Value: N23.23 billion in 37,626 deals Most Active Stocks: Fidelity Bank – 123.01m shares (N2.58bn) FCMB Group – 68.41m shares (N670.14m) Japaul Gold – 44.09m shares (N126.77m) 🔮 Market Outlook: Cautiously Optimistic “We expect sustained positive momentum barring any major economic shocks.”— Futureview Group