June 22 (THEWILL) — The Nigerian equities market opened the week on a positive note on Monday. Market capitalisation rose from ₦151.327 trillion at the opening to ₦152.845 trillion at the close of trading, reflecting a significant gain in investor value. Similarly, the All-Share Index (ASI) advanced from 235,941.27 points to 238,219.19 points, signalling a broad market rebound after recent bearish sessions.
Market breadth closed positive but relatively mixed, with 17 gainers against 35 decliners, indicating that while sentiment improved, selling pressures still lingered across several counters.
Top 5 Gainers
FIRSTHOLDCO surged by 10.00 percent (from ₦55.00 to ₦60.50).
GTCO gained 10.00 percent (from ₦115.55 to ₦127.10).
INTENEGINS advanced 9.88 percent (from ₦5.06 to ₦5.56).
MCNICHOLS rose 9.56 percent (from ₦6.80 to ₦7.45).
ZENITHBANK climbed 7.09 percent (from ₦110.00 to ₦117.80).
Top 5 Decliners
ZICHIS dropped 10.00 percent (from ₦26.00 to ₦23.40).
CONHALLPLC fell 9.94 percent (from ₦7.14 to ₦6.43).
ETERNA lost 9.90 percent (from ₦30.80 to ₦27.75).
DEAPCAP declined 9.82 percent (from ₦4.89 to ₦4.41).
AUSTINLAZ slipped 9.74 percent (from ₦93.90 to ₦84.52).
The session reflects a measured risk-on sentiment, particularly in the financial services space, while broader market participation remains uneven.
In the near term, the market is expected to remain range-bound with a mild upward bias, supported by continued interest in fundamentally strong banking and industrial stocks.
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.
