December 05, (THEWILL) — The Nigerian Exchange (NGX) closed the daily trading on a strong bullish note, with the All-Share Index (ASI) rising from 145,476.15 to 147,040.26.
This signals sustained buying interest across key counters.
Market capitalisation also advanced, opening at N92.725 trillion and closing at N93.722 trillion, reflecting renewed investor confidence ahead of the festive trading cycle.
Market breadth leaned broadly positive, with 38 gainers against 16 losers, as investors rotated into value and momentum-driven stocks.
Top Gainers
The session’s upward momentum was largely driven by significant price appreciation in mid-cap and hospitality counters:
UACN – 10.00 percent (from N88.00 to N96.80)
TRANSCOHOT – 9.71 percent (from N157.50 to N172.80)
ROYALEX – 8.89 percent (from N1.80 to N1.96)
IKEJAHOTEL – 8.74 percent (from N28.60 to N31.10)
VERITASKAP – 8.07 percent (from N1.61 to N1.74)
Strong gains in hospitality and financial services stocks suggest renewed interest in cyclical sectors poised to benefit from year-end business activity and improved liquidity.
Top Losers
Profit-taking and weak sentiment weighed on a few counters:
UNIONDICON – -10.00 percent (from N7.00 to N6.30)
ABCTRANS – -9.88 percent (from N3.44 to N3.10)
MANSARD – -7.19 percent (from N13.90 to N12.90)
FTNCOCOA – -4.62 percent (from N4.98 to N4.75)
GUINEAINS – -3.36 percent (from N1.19 to N1.15)
Losses were mostly concentrated in consumer goods and insurance stocks as investors locked in short-term gains from earlier rallies.
Unchanged Stocks
A few counters closed flat, including:
DAARCOMM, INTBREW, NEIMETH, STANBIC, and STERLINGNG.
Investor Sentiments
Overall sentiment was decisively positive, driven by:
Renewed demand for mid-cap and hospitality stocks
Increased liquidity flowing into the market toward the year-end
Broad-based buy interest across sectors
Anticipation of corporate positioning ahead of Q1 2026
The strong advance in the ASI suggests that investors remain confident in the short-term outlook, with momentum favouring further upside if current liquidity conditions persist.
Ogochukwu Onwaeze
