May 11, (THEWILL) — The Nigerian equities market began the week on a strong note on Monday as sustained buying interest across several stocks pushed key indicators higher, lifting the market capitalisation above the ₦160 trillion mark.
At the close of trading, the market capitalisation advanced from ₦157.094 trillion at the opening of the session to ₦160.256 trillion, representing a gain of ₦3.162 trillion. Similarly, the All-Share Index (ASI) climbed from 244,775.83 points to close at 250,485.54 points, reflecting a robust upward movement in market performance.
Market breadth remained firmly positive as 59 equities recorded gains against 21 losers, signalling strong investor appetite across multiple sectors of the market.
Top Gainers
CHAMS appreciated by 10.00 percent, (rising from ₦3.10 to ₦3.41).
FTNCOCOA gained 10.00 percent, (advancing from ₦8.30 to ₦9.13).
INTENEGINS increased by 10.00 percent, (moving from ₦2.60 to ₦2.86).
LIVESTOCK rose by 10.00 percent, (from ₦8.00 to ₦8.80).
RTBRISCOE also added 10.00 percent, (climbing from ₦15.00 to ₦16.50).
Top Decliners
PRESTIGE declined by 10.00 percent, (falling from ₦1.60 to ₦1.44).
SOVRENINS shed 9.96 percent, (dropping from ₦2.51 to ₦2.26).
UPL fell by 9.09 percent, (easing from ₦4.40 to ₦4.00).
ELLAHLAKES declined by 9.05 percent, (moving from ₦11.05 to ₦10.05).
TANTALIZER lost 7.69 percent, (slipping from ₦4.55 to ₦4.20).
Meanwhile, several equities ended the session unchanged. Stocks that closed flat included Seplat Energy, Custodian Investment, Julius Berger Nigeria, Golden Guinea Breweries, Cadbury Nigeria, and Nestlé Nigeria, among others.
Overall, the session reflected renewed bullish sentiment, with strong participation across mid- and small-cap stocks helping to drive the market to a new short-term high. Investors continue to position ahead of corporate earnings expectations and evolving macroeconomic signals.
Ogochukwu Onwaeze is a writer specializing in business and economic journalism. At THEWILL News Media, she translates market trends, financial developments, and policy shifts into clear and engaging stories.
