At the close of trading on Monday, December 29, the Nigerian stock market’s All-Share Index (ASI) rebounded to a 50 per cent year-to-date return.
It marked its first recovery to that level since October 28, 2025.
The upward trajectory saw the ASI rise by 0.55 per cent to close at 154,389.53 points.
Similarly, the market capitalisation grew by ₦541.73 billion to ₦98.43 trillion.
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The sustained uptick was driven by investors realigning their portfolios in anticipation of the new year.
Market breadth was positive, as 41 stocks gained against 37 stocks that declined.
The top five stocks that led the gainers table were Austin Laz & Company, Ecobank Transnational Incorporated, Eunisell Interlinked, Honeywell Flour Mills, and Guinness Nigeria.
Conversely, International Energy Insurance Company, Meyer, E-Tranzact International, Livestock Feeds, and C&I Leasing led the losers’ table.
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Sectoral performance was mixed as the consumer goods index topped gains with a 2.16 per cent gain to close at 3,934.54 points.
The rally was followed by the industrial goods index rising 0.19 per cent to 5,641.04 points even as the oil and gas index rose by 0.01 per cent to 2,676.21 points.
On the reverse, the banking index fell 0.28 per cent to close at 1,502.18 points.
But the insurance and commodity indices remained flat at 1,145.97 points and 1,177.45 points, respectively.
At the close of Monday’s trading, 1.45 billion units of shares were transacted, valued at ₦35.29 billion in 47,536 deals.
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
