MON JULY 28 2025-theGBJournal| Nigerian stocks extended their bullish run on Monday as the benchmark NGX All-Share Index (ASI) climbed 0.53 percent to close at 135,166.51 points. Market capitalization climbed also to N85.46 trillion from N85.055 trillion.
Gains in MTNN (+2.7%), WAPCO (+3.2%) and ETI (+6.3%) drove market performance alongside strong half-year financial results from bellwether stocks. Strong earnings releases from the industrial goods sector, particularly BUA Cement (+9.40% w/w), and Lafarge Africa (+9.69% w/w), contributed to market gains.
The Month-to-Date and Year-to-Date returns settled at +12.7% and +31.3%, respectively.
The total volume of trades advanced by 11.5% to 795.59 million units, valued at N23.23 billion, and exchanged in 37,626 deals.
FIDELITYBK was the most traded stock by volume and value at 138.03 million units and N5.38 billion, respectively.
Sectoral performance was broadly positive as the Insurance (+2.5%), Consumer Goods (+1.3%), Industrial Goods (+0.6%), and Oil & Gas (+0.2%) indices closed higher, while the Banking (-0.7%) index declined.
As measured by market breadth, market sentiment was positive (1.8x), as 44 tickers gained relative to 24 losers. ACADEMY (+10.0%) and CHAMPION (+10.0%) led the gainers, while LIVESTOCK (-10.0%) and ELLAHLAKES (-9.1%) recorded the most significant losses of the day.
The NASD OTC Securities Index (NSI) and market capitalisation advanced by 1.40%. The NSI closed at 3,684.60 points, while market capitalisation closed N2.16 trillion.
Market activity declined across volume and value of transactions plunging by 73.21% and 15.42% respectively.
SDCSCSPLC (+9.06%) topped the market gainers, while SDWAMCO (-1.90%) led the market losers.
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