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Nigerian Stock Market Gains ₦263bn as Investors Pile into Consumer and Insurance Stocks

PZ Cussons, University Press lead gainers; FCMB tops trading charts as NGX rebounds from weekly losses.

The Nigerian Exchange (NGX) kicked off the new trading week on a bullish note, as investor interest in consumer goods and insurance stocks boosted market performance, adding ₦263 billion to the total market capitalisation.

At the close of trading on Monday, the NGX’s market capitalisation rose to ₦88.2 trillion, up from ₦87.9 trillion in the previous session. Likewise, the All-Share Index (ASI) climbed by 414.74 points, or 0.3%, to settle at 139,394.75 points.

Key Trading Highlights:

  • Volume traded: 947.83 million shares
  • Total value: ₦17.96 billion
  • Number of deals: 36,006
  • Volume change: ↓ 48% (from previous session)
  • Turnover change: ↑ 12%
  • Deal count: ↑ 46%

Top Gainers:

Company % Gain Closing Price
PZ Cussons Nigeria +10% ₦35.20
University Press Plc +10% ₦5.50
Ellah Lakes Plc +9.94% ₦14.27
Legend Internet +9.90% ₦5.44

Top Losers:

Company % Loss Closing Price
Nigerian Enamelware Plc -10% ₦35.10
Industrial & Medical Gases Nigeria -10% ₦33.30
Union Dicon Salt Plc -10% ₦10.80
Thomas Wyatt Nigeria Plc -10% ₦2.70

Most Active Stocks (by Volume):

Company Volume Value
FCMB Group Plc 460.95 million shares ₦4.73bn
Universal Insurance 42.22 million shares ₦53.39m
Royal Exchange 35.22 million shares ₦72.49m

Top Trades by Value:

Company Value
FCMB Group Plc ₦4.73bn
Zenith Bank ₦1.73bn
GTCO ₦1.60bn
Dangote Sugar ₦1.41bn
Nestle Nigeria ₦930.13m

Sector Performance:

  • NGX Insurance Index: ↑ 3.16% (best performing sector)
  • NGX Consumer Goods Index: ↑ 0.6%
  • NGX Main Board Index: ↑ 0.54%
  • NGX Top 30 Index: ↑ 0.11%
  • NGX Industrial Index: ↑ 0.02%
  • NGX Oil & Gas Index: Flat

Market Sentiment:

Despite Monday’s rally, the market still reflects a weekly decline of 0.64% and a four-week loss of 4.36%, pointing to recent volatility. However, the year-to-date return remains strong at +35.43%, driven by consistent investor interest in blue-chip stocks across banking, industrials, and consumer goods.

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Opeyemi Owoseni

Opeyemi Oluwatoni Owoseni is a broadcast journalist and business reporter at TV360 Nigeria, where she presents news bulletins, produces and hosts the Money Matters program, and reports on the economy, business, and government policy. With a strong background in TV and radio production, news writing, and digital content creation, she is passionate about delivering impactful stories that inform and engage the public.

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