Nigeria’s equities market began the week on a positive note, gaining N122.45 billion as key indices closed higher, led by significant advances in the insurance sector.
The All-Share Index rose by 193.56 points to close at 145,948.47, representing a 0.13 per cent gain. Market capitalisation stood at N92.34 trillion. The insurance sector outperformed, surging 9.74 per cent, followed by consumer goods (+0.98%) and banking (+0.44%). Industrial goods (-1.47%) and oil & gas (-0.56%) declined.
Trading volume and value, however, dipped by 4.52 per cent and 40.17 per cent, respectively. Data from the Nigerian Exchange showed that 2.12 billion shares worth N19.4 billion were traded across 40,435 deals. LINKASSURE led in volume with 33.28 per cent of all shares traded, while STANBIC topped value transactions at 8.93 per cent.
Top gainers included AIICO, SUNUASSUR, VERITASKAP, STANBIC, TIP, UNIVINSURE, and UPDC—each rising by 10 per cent. CORNERST (+9.98%), MANSARD (+9.97%), and ELLAHLAKES (+9.94%) also featured among the day’s best performers.
In contrast, ABBEYBDS and ABCTRANS fell by 10 per cent, while UACN (-9.99%), VFDGROUP (-9.70%), and WAPCO (-9.28%) also recorded losses. Market breadth remained positive with 40 gainers against 36 losers.
