Kayode Tokede
The Nigerian inventory market yesterday closed on a stronger notice, extending its constructive momentum for the seventh buying and selling actions in 2026, with its market capitalisation crossing the N106 trillion mark.
The Nigerian Alternate Restricted All Share Index (NGX ASI) gained by 2,592.64 foundation factors or.59 per cent to shut at 165,837.33 foundation factors.
Accordingly, market capitalisation rose by N1.661 trillion to shut at N106.182 trillion.
Market sentiment was robustly bullish, with 55 advancing shares outweighing 13 declining counters. DEAP Capital Administration & Belief, eTranzact Worldwide, PZ Cussons Nigeria, Caverton Offshore Assist Group and MTNN recorded the best worth acquire of 10 per cent every to shut at N3.63, N18.15, N58.30, N7.70 and N605.00 respectively, per share.
Ellah Lakes adopted with a acquire of 9.97 per cent to shut at N17.10, whereas NCR Nigeria rose by 9.95 per cent to shut at N96.65, per share.
Then again, Common Insurance coverage led the losers’ chart by 6.25 per cent, to shut at N1.20, per share. Status Assurance adopted with a decline of 5.81 per cent to shut at N1.62, whereas Regency Alliance Insurance coverage FTN declined by 5.17 per cent to shut at N1.10, per share.
Academy Press depreciated by 5.06 per cent to shut at N7.50 and Royal Alternate declined by 3.98 per cent to shut at N1.93, per share.
Nevertheless, the whole quantity traded declined barely by 1.58 per cent to 1.131 billion models, valued at N33.550 billion, and exchanged in 49,216 offers. Transactions within the shares of Sovereign Belief Insurance coverage topped the exercise chart with 343.543 million shares valued at N1.117 billion. Entry Holdings adopted with 86.227 million shares price N1.980 billion, whereas eTranzact traded 61.104 million shares valued at N1.109 billion.
Linkage Assurance traded 49.929 million shares valued at N87.999 million, whereas Chams Holdings Firm offered 35.353 million shares price N139.210 million.
On market outlook, Imperial Asset Managers Restricted mentioned, “market sentiment is anticipated to stay cautiously constructive within the close to time period, supported by robust early-year momentum and continued curiosity in large-cap and basically sound shares.
“Nevertheless, the focus of beneficial properties in a number of heavyweights and value-driven trades, alongside selective profit-taking in weaker names, means that upside might more and more be stock-specific quite than broad-based, with buyers more likely to rotate between sectors as earnings expectations and valuation issues come into focus.”
