Nigerian Stock Market Rebounds, Investors Gain N1.52 Trillion After a Week‑Long Losses

The Nigerian stock market rebounded strongly on Monday, ending a prolonged bearish run as investors added N1.52 trillion to the market’s value.

On the Nigerian Exchange (NGX), the market capitalization of listed equities rose by N1.52 trillion, or 1 percent, to N152.85 trillion from N151.33 trillion at the close of the previous week.

The NGX All‑Share Index (ASI) gained 2,261.84 basis points, a 0.96 percent increase, to finish at 238,203.11 points, up from 235,941.27 points in the prior session.

The rally was led by strong performances from major Nigerian banks. First HoldCo Plc and Guaranty Trust Holding Company Plc (GTCO) each climbed 10.00 percent, while Zenith Bank Plc rose 7.09 percent.

On the downside, Eterna Plc fell 9.90 percent, Deap Capital Management & Trust Plc dropped 9.82 percent, and Austin Laz & Company Plc declined 9.74 percent.

Trading activity improved markedly. Total volume increased 8.05 percent to 475.82 million shares, up from 440.36 million shares in the previous session. Transaction value jumped 47.86 percent to N36.49 billion, compared with N24.68 billion previously.

The number of deals rose 26.4 percent to 63,567 transactions from 50,273 trades, indicating greater investor participation and confidence.

Fidelity Bank Plc was the most actively traded stock by volume, with 48.75 million shares exchanged, while MTN Nigeria Communications Plc led the value chart with transactions worth N16.64 billion.

This positive performance represents a significant turnaround after a difficult week in which investors lost N5.64 trillion amid sustained bearish trading sessions.