May 29 (THEWILL) — The Nigerian Exchange resumed trading after the Eid holiday on a mildly positive note, as modest buying interest in select counters lifted market indices despite a negative breadth dominated by more decliners than gainers.
Market capitalisation rose to ₦160.508 trillion from ₦160.094 trillion, while the All-Share Index (ASI) advanced to 250,385.47 from 249,738.84, reflecting a cautious but positive rebound in overall market performance.
However, market sentiment remained mixed, with 30 gainers trailing 34 losers, indicating sustained profit-taking pressure across several sectors.
TOP GAINERS
Sovereign Trust Insurance Plc gained 10.00 percent (from ₦2.50 to ₦2.75).
Zicth Nigeria Plc rose 10.00 percent (from ₦30.00 to ₦33.00).
International Energy Insurance Plc advanced 9.98 percent (from ₦4.11 to ₦4.52).
McNichols Plc climbed 9.85 percent (from ₦7.92 to ₦8.70).
Aradel Holdings Plc increased 9.59 percent (from ₦1,764.50 to ₦1,933.80).
TOP LOSERS
Austin Laz & Company Plc fell 10.00 percent (from ₦4.40 to ₦3.96).
CAP Plc declined 10.00 percent (from ₦199.00 to ₦179.10).
Premier Paints Plc dropped 10.00 percent (from ₦37.50 to ₦33.75).
LivingTrust Mortgage Bank Plc lost 9.89 percent (from ₦4.45 to ₦4.01).
John Holt Plc weakened 9.84 percent (from ₦18.80 to ₦16.95).
Heavyweight counters, including Dangote Cement Plc, Seplat Energy Plc, Custodian Investment Plc, Champion Breweries Plc and Guinness Nigeria Plc, closed flat for the session.
Analysts noted that the post-holiday session reflects selective accumulation amid lingering caution, as investors reposition portfolios ahead of fresh macroeconomic and earnings triggers.
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.
