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Market capitalisation gained ₦344 billion, closing at ₦163.999 trillion. ASI rose 0.21 percent to 252,635.11 points.
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33 stocks gained, while 24 stocks declined. UPL led the gainers with a 9.89 percent increase. FTGINSURE led the decliners, shedding 9.50 percent.
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MTN Nigeria Communications, Dangote Cement, Presco, Custodian Investment, Julius Berger and Champion Breweries, among others, closed flat.
September 28, (THEWILL) – The Nigerian Exchange Limited (NGX) opened the week on a positive note on Monday, as market capitalisation rose by ₦344 billion from ₦163.655 trillion at the open to ₦163.999 trillion at the close.
The All-Share Index (ASI) also advanced by 521.70 points, rising from 252,113.41 at the opening to 252,635.11 at the close, representing a 0.21 percent increase.
Market breadth remained positive, with 33 gainers against 24 decliners, reflecting stronger buying interest across the session.
Top Gainers
- UPL led the gainers’ chart, advancing 9.89 percent (from ₦4.55 to ₦5.00).
- CMFC followed with a 9.82 percent gain (rising from ₦3.26 to ₦3.58).
- ABCTRANS increased 9.80 percent from (₦5.10 to ₦5.60).
- ETERNA gained 9.62 percent (moving from ₦39.00 to ₦42.75).
- SOVRENINS rose 9.17 percent (from ₦2.40 to ₦2.62).
Top Decliners
- FTGINSURE led the decliners, falling 9.50 percent (from ₦2.00 to ₦1.81).
- TRANSEXPR declined 8.47 percent (from ₦2.95 to ₦2.70).
- FG162029S1 dropped 6.67 percent (from ₦75.00 to ₦70.00).
- RTBRISCOE shed 6.07 percent (declining from ₦10.70 to ₦10.05).
- WAPIC fell 4.74 percent (from ₦2.32 to ₦2.21).
MTN Nigeria Communications, Dangote Cement, Presco, Custodian Investment, Julius Berger and Champion Breweries, among others, closed flat for the day.
The NGX began the new week with a positive benchmark performance and market breadth, as the ASI extended its advance above the 252,000-point level. The increase in market capitalisation, alongside the higher number of gainers, points to renewed buying interest across the market.
However, the presence of 24 decliners shows that selling pressure remained in some counters. Investors may, therefore, continue to monitor the performance of large-cap stocks and the breadth of buying interest to determine whether the upward movement can be sustained.
The positive opening to the week also keeps the market above the 250,000-point level, which remains an important reference point for near-term trading.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
