The Nigerian Exchange Limited started the week on a bullish note, as the All-Share Index gained 0.31 per cent on Monday, adding N193bn to investors’ wealth.
At the close of trading, the ASI rose by 372.21 points to 121,361.87, compared to 120,989.66 in the previous session. Market capitalisation increased to N76.5tn from N76.3tn, reflecting renewed investor interest.
The positive performance was driven by price appreciation in large- and mid-cap stocks, particularly in consumer goods, banking, and insurance sectors. Investor sentiment remained upbeat ahead of the half-year earnings season.
A total of 824.1 million shares worth N14.44bn were traded in 24,042 deals. Compared to Friday, July 4, 2025, volume dropped by 11 per cent, and deals declined by six per cent, but turnover rose by 31 per cent, indicating higher-value transactions.
Market breadth closed positive with 53 gainers against 24 losers out of 125 equities traded.
Cadbury Nigeria Plc led gainers with a 10 per cent increase to N53.35. Ellah Lakes, UPDC REIT, and Tripple Gee also gained 10 per cent each, closing at N8.91, N7.15, and N2.97, respectively.
Other top gainers included Red Star Express (9.92%) and NGX Group (9.91%).
