Nigeria’s stock market kicked off the new week on a strong note as investors collectively gained ₦285 billion on Monday, reflecting renewed buying momentum across key equities.
Market capitalisation advanced to ₦89.493 trillion, up from ₦89.208 trillion recorded last Friday, representing a 0.31 percent increase. The benchmark All-Share Index (ASI) also climbed by 435.63 points, closing at 141,439.77 to extend the bullish sentiment from the previous session.
Trading was largely upbeat, with 40 stocks appreciating against 17 that declined. Julius Berger led the pack with a remarkable 9.93 percent surge, finishing at ₦146.10 per share. Other top gainers included Cutix Plc, Regency Alliance Insurance, Veritas Kapital Assurance, and MC Nicholas.
On the losing side, University Press, Cadbury Nigeria, Abbey Mortgage Bank, and DAAR Communications—owned by Austin Laz—closed the day with notable declines.
Despite the bullish performance, overall market activity showed a decline in volume and value compared to the previous session, although the number of transactions increased. Investors exchanged 591.2 million shares worth ₦11.7 billion in 33,342 deals. This was a sharp contrast to the 1.3 billion shares valued at ₦47.8 billion traded across 25,916 deals last Friday.
Among the most actively traded stocks, FCMB Holdings took the lead with 105.13 million shares worth ₦1.14 billion, followed by Veritas Kapital, which recorded 59.6 million shares valued at ₦128.8 million.
The strong start signals renewed investor confidence, with market watchers expecting momentum to continue if buying interest remains steady across blue-chip and mid-tier stocks.