The Nigerian stock market kicked off the week on a positive note, recording a N465 billion increase in investor portfolios on Monday. Market capitalisation at the Nigerian Exchange Limited rose from ₦93.295 trillion at the opening to ₦93.760 trillion by the close of trading.

Trading data revealed that the All-Share Index (ASI) climbed by 0.50%, gaining 729.19 points to settle at 147,717.23—up from Friday’s 146,988.04.

📈 Drivers of Monday’s Rally The uptick was fueled by heightened demand for equities including Sovereign Trust Insurance, Regency Alliance Insurance, Transcorp Power, Consolidated Hallmark Holdings, Halldane McCall, and 20 other stocks.

📊 Market Breadth and Activity The market breadth remained neutral, with 25 stocks advancing and 25 declining. Sovereign Trust Insurance led the gainers, while Tripple Gee topped the losers’ chart.

Trading activity showed notable improvement:

Volume: 624.61 million shares exchanged

Value: ₦13.5 billion

Deals: 31,563 transactions This marked a significant rise from Friday’s 386.6 million shares worth ₦11.26 billion across 21,842 deals.

📌 Top Trades Consolidated Hallmark dominated in volume with 210.5 million shares valued at ₦909.6 million. Fidelity Bank followed closely, trading 47.5 million shares worth ₦951.82 million.