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  • Nigerian Equities Market Slumps N1.17 Trillion on Monday

    Nigerian Equities Market Slumps N1.17 Trillion on Monday

    Equities Market Opens Week Lower, N1.173 Trillion Lost in Capitalisation

    The Nigerian equities market opened the week on a negative note on Monday, losing N1.173 trillion or a 1.26 per cent decline.

    The downturn was largely driven by profit-taking in major stocks, including Dangote Cement, Enamelware, Transcorp Power, AIICO Insurance, and Guinea Insurance. Market capitalisation closed at N92.328 trillion, down from the opening value of N93.501 trillion.

    The All-Share Index (ASI) dipped by 1,853.82 points, or 0.26 per cent, ending at 145,159.77 compared with 147,013.59 on Friday.

    Despite the overall decline, market breadth remained positive, with 28 stocks gaining against 24 losers.

    Top Gainers:

    • Sovereign Trust Insurance led the gainers with a 9.97 per cent rise to close at N3.20 per share.
    • NCR Nigeria followed closely, gaining 9.96 per cent to N28.15.
    • Tantalizer continued its upward momentum, rising 9.81 per cent to N2.35 per share.
    • Prestige Assurance and Eunisell Interlinked appreciated by 9.70 per cent and 8.52 per cent to close at N1.47 and N79, respectively.

    Top Losers:

    • Dangote Cement and Enamelware led the losers, each shedding 10 per cent to close at N534.60 and N40.50, respectively.
    • Transcorp Power fell 4.66 per cent to N43.00.
    • AIICO Insurance declined by 4.11 per cent to N3.50, while Guinea Insurance dropped 3.97 per cent to N1.21 per share.

    Trading Activity:
    Total turnover for the day stood at 388.2 million shares worth N31.14 billion, traded in 28,492 deals. This was lower than Friday’s volume of 4.89 billion shares valued at N42.2 billion across 24,152 transactions.

    Notable Trades:

    • Tantalizer recorded the highest trading volume with 57.12 million shares exchanged.
    • ARADEL posted the highest trading value at N21.50 billion.

  • NGX sustains bullish run, gains N733bn to end week positive

    NGX sustains bullish run, gains N733bn to end week positive

    The Nigerian stock market closed the week upbeat, gaining N733 billion or 0.75 per cent, and boosting investor portfolios.

    The positive trend was driven by sustained investor interest in heavyweight stocks such as Aso Savings, Ikeja Hotel, Regency Alliance Insurance, Caverton Offshore, Aradel Holdings, and others.

    The Nigerian Exchange Ltd. (NGX) market capitalisation rose from N98.059 trillion at opening to N98.792 trillion at Friday’s close.

    Similarly, the All-Share Index (ASI) advanced by 0.75 per cent or 1,155.15 points, closing at 155,645.05 compared to 154,489.90 recorded on Thursday.

    RELATED STORY: Investors gain N308bn as equities market sustain rally

    Market breadth closed positive with 34 gainers and 25 losers recorded during the session.

    Aso Savings led the gainers’ chart by 10 per cent, ending at 66k. Ikeja Hotel rose 7.89 per cent to N20.50, while Regency Alliance Insurance increased 7.44 per cent to N1.30.

    Caverton Offshore advanced 7.08 per cent to N6.50, and Aradel Holdings appreciated 6.76 per cent to N790 per share.

    Conversely, Union Dicon Salt led the losers’ table by 9.09 per cent, closing at N8. Neimeth Pharmaceutical fell 6.67 per cent to N5.60, while Cornerstone Insurance dropped 5.61 per cent to N6.23.

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    Halldane McCall declined 4.84 per cent to N4.13, and International Energy Insurance shed 4.48 per cent to N2.77 per share.

    Market activity showed growth in turnover and volume, though the number of deals fell slightly.

    A total of 1.21 billion shares worth N31.5 billion were traded across 29,989 deals, compared to 926.9 million shares worth N26.9 billion across 30,703 deals.

    Fidelity Bank led the activity chart with 820.9 million shares valued at N16.14 billion.

    Sovereign Trust Insurance followed with 45.5 million shares worth N176.96 million, while Tantalizer traded 32.7 million shares valued at N72.05 million.

    Access Corporation transacted 23.8 million shares worth N593.4 million, and Guaranty Trust Holding Company traded 19.2 million shares valued at N1.78 billion.

  • Investors gain N308bn as equities market sustains rally

    Investors gain N308bn as equities market sustains rally

    The Nigerian equities market on Thursday sustained its upward trend as investors recorded a gain of N308 billion.

    Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N92.490 trillion, appreciated by N308 billion or 0.33 per cent to close at N92.798 trillion.

    Similarly, the All-Share Index added 0.33 per cent or 485.25 points to close at 146,204.34, compared with 145,719.09 recorded on Wednesday.

    Sustained interest in Eunisell Interlinked, Caverton Offshore Support Group, Sunu Assurances, Industrial and Medical Gases, Mecure, and 27 other advancing stocks boosted market performance.

    The market breadth also closed positive with 32 gainers and 21 losers.

    Eunisell Interlinked and Caverton Offshore Support Group led the gainers’ chart by 10 per cent each, closing at N44 and N6.93 per share respectively.

    Sunu Assurances appreciated by 9.90 per cent to close at N5.77, while Industrial and Medical Gases rose by 9.10 per cent to finish at N35.95 per share.

    Mecure also gained 8.81 per cent, ending the session at N28.40 per share.

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    Conversely, FTN Cocoa Processors led the losers’ table by 6.67 per cent, closing at N5.60 per share.

    Tantalizer followed with a 3.35 per cent decline to close at N2.31, while Fidelity Bank shed 2.38 per cent to finish at N20.50 per share.

    PZ Cussons also dipped by 2.18 per cent to close at N38.15, while Veritas Kapital Assurance fell by 1.90 per cent to end at N2.06 per share.

    Market activity showed a decline in the number of deals and volume traded but an improvement in trade value.

    A total of 346.99 million shares worth N27.43 billion were traded in 24,691 deals, compared with 525.72 million shares worth N13.61 billion exchanged in 25,597 deals on Wednesday.

    Fidelity Bank topped the activity chart with 42.01 million shares valued at N861.54 million.

    Please Read: Stock Market Appreciates by N1.36Trillion in Three Days

    Dangote Cement followed with 20.9 million shares worth N11 billion, while Sterling Nigeria traded 19.8 million shares valued at N162.9 million.

    Jaiz Bank transacted 19.5 million shares worth N85.27 million, and CHAMS traded 17.69 million shares valued at N76.9 million. 

  • Stock market records N618bn gain

    Stock market records N618bn gain

    The stock market closed the week with a gain of N618 billion on Friday, following sustained interest in medium and large capitalised stocks.

    Specifically, market capitalisation grew by N618 billion or 0.7 per cent, closing at N89.960 trillion from N89.342 trillion on Thursday.

    Similarly, the All-Share Index increased by 983.99 points or 0.7 per cent to close at 142,133.03 from 141,149.04 recorded previously.

    Also, the market breadth closed positive with 36 gainers and 23 losers.

    Thomas Wyatt Nigeria led the gainers’ table by 10 per cent, closing at N3.30 while The Initiates and Eunisell Interlinked grew by 9.98 per cent each, ending the session at N13.22 and N33.60 per share respectively.

    FTN Cocoa Processors rose by 9.96 per cent, finishing at N5.96 and Omatek Ventures soared by 8.57 per cent, settling at N1.14 per share.

    Conversely, Fidelity Bank led the losers’ table, dropping by 10 per cent, closing at N18.45, Custodian Investment trailed by 8.90 per cent, settling at N44 while Cutix fell by 8.31 per cent, finishing at N3.20 per share.

    Daar Communications dipped by 7.02 per cent, ending the session at N1.06 and Union Dicon Salt declined by 5.26 per cent, closing at N9 per share.

    Analysis of the market activity revealed decline in the market value and volume with an improvement in the deals.

    A total of 518.7 million shares valued at N18.05 billion were traded across 22,350 deals, compared to the previous day’s 5.5 billion shares worth N419.7 billion exchanged in 20,399 transactions.

    Abbey Mortgage Bank topped the activity chart in volume with 50.03 million shares valued at N340.2 million.

    Zenith Bank followed with 38.97 million shares worth N2.7 billion while Stanbic IBTC sold 38.95 million shares valued at N4.2 billion.

    FCMB traded 32.3 million shares worth N347.8 million and Sovereign Trust Insurance transacted 27.3 million shares valued at N84.1 million. 

  • CSCS to launch T+2 settlement cycle in November

    CSCS to launch T+2 settlement cycle in November

    The Central Securities Clearing System (CSCS) of the Nigerian Exchange on Wednesday organised a sensitisation session for stakeholders on the smooth transition to a T+2 settlement cycle.

    Nigerian Anchor reports that the T+2 settlement cycle shall be due for launch on November 28, 2025.

    Towards the realisation of this objective the management of the exchange organised a webinar, bringing together capital market operators, regulators, and the Nigerian Exchange Ltd.

    The programme’s theme was ‘Advancing Market Efficiency through T+2 Settlement’ and it provided updates, guidance, and clarity on the transition process.

    CSCS Chief Executive Officer, Haruna Jalo-Waziri, highlighted the extensive groundwork done to ensure a seamless transition, stressing the importance of efficiency and liquidity in Nigeria’s capital market.

    Represented by Adeyinka Shonekan, CSCS Executive Director, Jalo-Waziri explained that the shortened cycle was part of CSCS’s mandate to improve efficiency and liquidity in the market.

    He said CSCS worked closely with the Securities and Exchange Commission (SEC), which led to the formation of a market-wide committee on settlement transition.

    The committee, comprising stakeholders across the market ecosystem, benchmarked global best practices, assessed risks, and recommended the optimal path for Nigeria’s capital market.

    Its report recommended a phased transition from T+3 to T+2, and eventually T+1.

    He noted that SEC’s approval of T+2 for November 2025, and T+1 for April 2026, marked a major milestone.

    Sub-working groups were established to amend rules, test processes, conduct gap analyses, and drive stakeholder engagement for smooth adoption.

    He stressed that the transition would align Nigeria’s market with global standards, strengthen liquidity, reduce risks, and boost investor confidence.

    The shift, he said, would enhance Nigeria’s ability to attract and retain domestic and international capital.

    SEC Executive Commissioner, Operations, Bola Ajomale, said the transition would redefine Nigeria’s capital market and economy.

    Ajomale assured stakeholders of SEC’s full support in testing and implementing the new system.

    “In case of modifications, our doors are open. We urge stakeholders to review systems, conduct checks, and support this transition with clients,” he added.

    Nigerian Exchange Ltd. CEO, Jude Chiemeka, emphasised that building a future-ready market required strong collaboration among regulators, brokers, custodians, and investors.

    He said implementing T+2 was a major step forward, paving the way for a T+1 settlement cycle.

    “The adoption of T+2 reduces the settlement period from three to two business days. NGX is prepared to lead this transformational shift,” he stated.

    He added that industry stakeholders were investing heavily in training and sensitisation programmes to ensure readiness.

    NASD Managing Director, Eguarekhide Longe, represented by Chinwendu Ekeh, said the association was ready for seamless transition, with platforms synchronised with CSCS and other stakeholders.

    He explained that access, trading time, and rules would remain unchanged, but proceeds from securities sales would be available sooner, enhancing liquidity and market attractiveness.

    Longe urged operators to strengthen processes around trade confirmation, documentation, and fund availability, stressing NASD’s commitment to collaboration.

    Lagos Commodities and Futures Exchange CEO, Akinsola Akeredolu-Ale, said commodities markets would greatly benefit from the T+2 cycle.

    He noted that farmers, aggregators, and investors would gain quicker access to funds, reduced risks, and improved confidence.

    He said NASD played a strategic role in achieving the transition by positioning Nigeria as a transparent, competitive commodities hub.

    Akeredolu-Ale added that NASD had invested in training market intermediaries and Pan-African programmes to strengthen capacity across the continent.

    “We have secured approval to fully engage in this new settlement ecosystem, and we are ready,” he said.

    Onome Komolafe, Divisional Head, CSCS Depository, gave a technical overview of the transition and reaffirmed the organisation’s readiness. 

  • Nigerian stock market opens bullish with N193bn gain

    Nigerian stock market opens bullish with N193bn gain

    The Nigerian stock market opened the week on a  bullish note on Monday, gaining N193 billion thereby sustaining the previous week’s gain.

    Specifically, the market capitalisation, which opened at N76,339 trillion, added 193 billion or 0.25 per cent to close at N76.532 trillion.

    The positive performance was driven by increased investors interest in large capitalised stocks like Cadbury, Ellah Lakes, Tripple Gee, UPDCreit, Red Star Express and 50 others.

    The All-Share Index also gained 0.25 per cent or 305.67 points, to settle at 121,295.33 against 120,989.66 recorded on Friday.

    Also, the market breadth closed positive with 55 gainers and 23 losers.

    Top gainers

    Cadbury Nigeria led the advancers chart, increasing by 10 per cent, closing at N53.35 and Ellah Lakes also soared by 10 per cent, settling at N8.91 per share.

    Tripple Gee rose by 10 per cent, ending the session at N2.97 while UPDCREIT also climbed by 10 per cent, finishing at N7.15 per share.

    Also, Red Star Express grew by 9.92 per cent, closing at N9.20 per share.

    Losers

    On the flip side, Sunu Assurances shed 10 per cent, settling at N4.50 while RT Briscoe declined by 9.59 per cent, finishing at N3.30 per share.

    Prestige dropped by 9.09 per cent, closing at N1.20 and UPDC fell by 8.23 per cent, ending the session at N4.35 per share.

    Berger Paints lost 7.58 per cent, closing at N30.50 per share.

    Cumulate performance

    Altogether, 824.10 million shares worth N14.44 billion were traded across 24,042 transactions, compared to

    Transactions in the shares of Universal Insurance topped the activity chart with 71.92 million shares worth N48.94 million.

    First City Monument Bank followed with 61.4 million shares valued at N564.78 million while Ja Paul Gold transacted 53.34 million shares worth N136.1 million.

    Access Corporation sold 42.02 million shares valued at N942.81 million and AIICO Insurance traded 40.10 million shares worth N64.84 million. 

  • NGX: Investors trade ₦63.79bn in weekly deals

    NGX: Investors trade ₦63.79bn in weekly deals

    The bears held sway at the Nigerian Stock market in the past week, as the total value of transactions fell by 20.7 per cent, week-on-week.

    On the aggregate, investors traded 2.606 billion shares worth ₦63.785 billion in 77,593 transactions this week on the floor of the Nigerian Exchange Ltd. (NGX).

    This compares to 2.645 billion shares valued at ₦77.005 billion exchanged in 86,110 deals during the previous week.

    The Financial Services industry topped the activity chart with 1.540 billion shares worth ₦28.963 billion in 32,805 transactions.

    This accounted for 59.08 per cent of turnover volume and 45.41 per cent of total value traded on the Exchange.

    The Services industry followed with 286.833 million shares valued at ₦1.711 billion in 6,280 deals.

    The Consumer Goods industry placed third with 202.565 million shares worth ₦7.439 billion in 9,708 transactions.

    FCMB Group Plc, Access Holdings Plc and Tantalizer Plc led trading with 600.684 million shares worth ₦6.570 billion in 7,201 deals.

    These three equities represented 23.05 per cent of turnover volume and 10.30 per cent of the value.

    The NGX All-Share Index rose by 0.90 per cent to close at 109,710.37 points.

    Market capitalisation also appreciated, ending the week at ₦68.953 trillion.

    All sectoral indices closed higher, except NGX Premium and NGX Lotus II which fell by 0.05 and 0.92 per cent, respectively.

    Sixty-one equities gained during the week, down from 68 in the previous week.

    Thirty-one equities recorded losses, up from 28 recorded in the prior week.

    Fifty-six equities remained unchanged, compared to 52 in the preceding week.

    Top decliners included Multiverse Mining, Union Dicon Salt, NAHCO, University Press, and Legend Internet at ₦1.95, ₦1.00, ₦8.00, 44k and 60k, respectively.

    Top gainers were Beta Glass, Champion Breweries, Caverton Offshore, FTN Cocoa and Northern Nigeria Flour Mills.

    They appreciated by 46.31, 42.08, 37.70, 36.32 and 32.49 per cent, respectively.

    Their respective gains stood at ₦72.40, ₦2.02, ₦1.15, 69k and ₦29.40 for the week.

  • Stock market gains N91bn

    Stock market gains N91bn

    The Nigerian stock market closed the week on a positive note on Friday, with market value growing by N91 billion.

    Specifically, market capitalisation which opened at N67,102 trillion, closed at N67,193 trillion, gaining N91 billion or 0.14 per cent.

    Similarly, All-Share Index improved by 146 points or 0.14 per cent to close at 107,821.39, compared to 107,675.46 posted on Thursday.

    On the price movement chart, 34 stocks recorded price depreciation against 26 gainers.

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    Red Star Express led the losers’ chart, dropping by 9.96 per to close at N6.60 per share.

    Also, Learn Africa fell by 9.84 per cent to close at N3.30 per share, Multiverse Mining and Exploration dropped by 9.72 per cent to close at N9.75 per share.

    Also, Cadbury Nigeria inched down by 9.62 per cent to close at N26.30 per share.

    Linkage Assurance Plc lost by 5.80 per cent to close at N1.30 per share.

    Austin Laz and Company led the gainers’ chart with a 10 per cent gain to close at N2.09 per share.

    This is followed by Oando with a gain of 9.94 per cent to close at N58.05 per share while Caverton increased by 9.67 per cent to close at N2.95 per share.

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    Also, John Holt rose by 9.62 per cent to close at N7.98 and PZ gained 9.09 per cent to close at N35.40 per share.

    A total of 458.26 million shares worth N14.078 billion were exchanged in 12,213 transactions, compared with 423.42 million shares worth N9.57 billion exchanged in 11,112 transactions on Thursday.

    On the activity table, Zenith Bank maintained the lead in volume and value of deals, exchanging 122 million shares worth N5.9 billion.