On a day marked by mixed sentiments, a handful of standout performers led Nigeria’s stock market to a record close.
Gains in Dangote Sugar, Berger Paints, and other high flyers offset sectoral losses, driving the NGX All-Share Index above the 139,000-point threshold for the first time.
Profit-Taking Fails To Stall Momentum
Although some investors locked in profits from insurance and oil & gas stocks, strong buying momentum still pushed the market higher.
By the close of trading, the All-Share Index (ASI) climbed 0.99% to 139,278.67 points.
As a result, the year-to-date return jumped to a robust 35.32%, reflecting investors’ sustained confidence in select stocks.
Heavy Trading Volume Reflects Bullish Sentiment
Several stocks posted standout performances.
Berger Paints advanced from ₦34.10 to ₦37.50, gaining ₦3.40 or 9.97%.
Similarly, Dangote Sugar rose ₦6.45 to close at ₦71.15.
Read Also: NGX Up 30.6% YTD As Investors Gain ₦1.8trn
Multiverse Mining and Exploration increased its share price by 90 kobo, reaching ₦9.90—a 10% surge.
Meanwhile, Royal Exchange added 14 kobo to settle at ₦1.54, also rising 10%.
These gains pushed the NGX’s market capitalisation from ₦87.223 trillion to ₦88.054 trillion, highlighting the impact of bullish trades on overall market value.
Throughout the session, investors actively traded stocks such as Fidelity Bank, Access Holdings, UACN, Universal Insurance, and FCMB Group.
Altogether, they executed 36,423 deals, exchanging 922 million shares worth ₦35.4 billion—a clear sign of heightened market activity.
Ultimately, despite mild profit-taking, the market’s strong close confirmed that investors continue to favour equities offering solid returns amid Nigeria’s shifting economic landscape.
