NGX All-Share Index climbs amidst Q4 earnings optimism

The Nigerian Exchange (NGX) All-share index (ASI) rose slightly amidst the fourth quarter (Q4) of the financial year 2025 earnings release.

Trading activity was bullish, though bargain hunting has slowed down. The local bourse witnessed some companies dropping their financial results on Monday.

Stockbrokers said the mild bargain hunting supported a slight uptick in key market indicators.  The NGX All-Share Index (ASI) advanced by 0.003% to settle at 165,517.56 points, reflecting cautious investor participation.

Trading activity presented a mixed picture. Total trading volume declined by 17.77% to 601.635 million units, while transaction value fell by 9.16% to ₦17.30 billion.

However, market participation improved, with the number of deals increasing by 32.78% to 58,429, suggesting heightened trading interest despite lower aggregate turnover.

Investor sentiment remained mildly negative, with the market breadth closing at 0.97x, as 35 gainers were marginally outweighed by 36 decliners.

Leading the gainers’ chart were NPFMCRFBK, MORISON, UHOMREIT, DEAPCAP, and SCOA, which recorded strong price appreciations of 10.00%, 9.97%, 9.95%, 9.94%, and 9.87%, respectively.

Conversely, MAYBAKER, NEIMETH, ABC Transports, CWG, and SOVRENINS topped the losers’ table, posting the most significant declines during the session.

Sectoral performance was mixed, underscoring the cautious tone in the market. The Consumer Goods, Banking, and Industrial Goods indices closed in positive territory, gaining 0.16%, 0.02%, and 0.01%, respectively.

In contrast, the Oil & Gas and Insurance sectors underperformed, shedding 0.04% and 1.40%, respectively, while the Commodity Index closed flat, indicating subdued activity in the segment.

Overall, the total market capitalization edged higher by ₦3.45 billion to ₦105.96 trillion.