Nigeria’s equities market kicked off the week on a bullish note, with the All-Share Index gaining 2,808.71 points on Monday, August 4, to close at 144,071.76 — a 1.99% increase from Friday’s close of 141,263.05.

Despite a decline in trading volume to 811 million shares, down from 1.08 billion in the previous session, market sentiment remained upbeat.

The overall market capitalization rose to N91.1 trillion, up from N89.37 trillion, across 35,963 deals.

Leading the charge were LASACO, ROYALEX, and UPDC, each hitting the daily ceiling of 10 per cent gains. UACN and SOVRENINS also posted strong performances, rising 9.97% and 9.94%, respectively.

On the downside, TRANSPOWER and ACADEMY fell by the maximum 10%, while JOHNHOLT, TOTAL, and ETI recorded losses of over 9%.

FCMB dominated trading volume with 84.9 million shares exchanged, followed by UNIVINSURE with 82.5 million and FIDELITYBK with 45.4 million shares, reflecting continued investor activity in the financial services sector.

Key highlights

All-Share Index: 144,071.76 (+1.99%)

Market Capitalization: N91.1 trillion

Year-to-Date Gain: +39.98%

Volume Traded: 811 million shares

Top Gainers:

LASACO: +10.00% to N2.86; ROYALEX: +10.00% to N1.65; UPDC: +10.00% to N5.94; UACN: +9.97% to N97.10; and SOVRENINS: +9.94% to N1.88

Top Losers

TRANSPOWER: -10.00% to N288.00; ACADEMY: -10.00% to N9.90; JOHNHOLT: -9.59% to N6.60; TOTAL: -9.22% to N640.00; and ETI: -9.21% to N34.00.

Investor sentiment appears resilient despite lower volumes, as the market continues to ride on strong earnings reports and sectoral optimism.