February 02, (THEWILL) — The Nigerian equities market opened the week with a mixed session on Monday, as modest gains in select stocks were offset by broader declines. The market opened at ₦106.153 and closed slightly higher at ₦106.162, while the NGX All-Share Index (ASI) rose from 165,370.40 to 165,384.64.
Market breadth tilted negative, with 30 equities advancing against 44 decliners, reflecting caution among investors.
Top Gainers
PREMPAINTS grew by 10.00 percent (₦10.00 to ₦11.00).
UNIVINSURE appreciated by 10.00 percent (₦1.20 to ₦1.32).
DAARCOMM advanced 9.93 percent (₦1.41 to ₦1.55).
RTBRISCOE gained 9.92 percent (₦7.86 to ₦8.64).
MORISON grew by 9.91 percent (₦9.99 to ₦10.98).
Top Losers
OMATEK dropped by -10.00 percent (₦3.00 to ₦2.70).
UHOMREIT declined -9.96 percent (₦94.85 to ₦85.40).
MANSARD fell by -9.94 percent (₦15.89 to ₦14.31).
DEAPCAP lost -9.90 percent (₦9.39 to ₦8.46).
CILEASING dipped -9.80 percent (₦7.65 to ₦6.90).
Stocks that closed flat include MTN Nigeria Communications, Dangote Cement Plc, Lafarge Africa Plc, Seplat Energy, and Okomu Oil Palm.
Trading on Monday reflected cautious optimism, with selective buying in defensive and resilient stocks. Analysts expect a measured market tomorrow, as investors monitor early corporate earnings and sector-specific developments for potential opportunities.
Ogochukwu Onwaeze
