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Nigerian stocks rise to start the week led by UPDC and AIICO, Naira gains marginally against the US dollar

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MON AUG 18 2025-theGBJournal| The Nigerian equities market opened the week on a positive note with top gainers posting near double-digit returns.

The benchmark NGX All-Share Index closed 0.1% higher to 144,722.47 points Monday, reversing most of last week’s losses. The Month-to-Date and Year-to-Date returns settled equally higher at +3.5% and +40.6%, respectively, while market capitalisation climbed 0.07% to N91.56 trillion.

Big gains were in DANGSUGAR (+9.7%), UNILEVER (+7.0%) and CUSTODIAN (+9.2%)

The total volume traded declined by 16.6% to 1.15 billion units, valued at N16.17 billion, and exchanged in 38,160 deals.

UNIVINSURE was the most traded stock by volume at 202.25 million units, while CHAMPION was the most traded stock by value at N1.16 billion.

Sectoral performance was mixed, as the Insurance (+5.3%) and Consumer Goods (+1.2%) indices advanced, while the Banking (-1.5%), Oil & Gas (-0.3%) and Industrial Goods (-0.1%) indices closed lower.

As measured by market breadth, market sentiment was positive (1.6x), as 41 tickers gained relative to 25 losers.

UPDC (+10.0%) and AIICO (+10.0%) led the gainers, while STANBIC (-10.0%) and PZ (-7.9%) recorded the most significant losses of the day.

Meanwhile, the naira firmed marginally against the U.S. dollar with the official FX rate settling 0.1% higher to N1,534.80/US$1.

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

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